Falcon Gold (CVE:FG) Trading 25% Higher – Still a Buy?

Falcon Gold Corp. (CVE:FGGet Free Report)’s stock price was up 25% on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 351,000 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 214,077 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Performance

The firm has a market capitalization of C$3.80 million, a price-to-earnings ratio of -2.50 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.28 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.04.

Falcon Gold Company Profile

(Get Free Report)

Falcon Gold Corp. generates, acquires, and explores mineral properties in the Americas. It explores for gold, silver, copper, and base metal deposits, as well as diamonds. Its flagship project is the Central Canada Gold Mine located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit.

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