Falcon Gold (CVE:FG) Trading Down 16.7% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report) dropped 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 354,000 shares changed hands during mid-day trading, an increase of 184% from the average daily volume of 124,790 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The company has a current ratio of 0.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The stock has a market cap of C$3.80 million, a price-to-earnings ratio of -2.50 and a beta of 0.61. The stock’s 50 day moving average is C$0.03 and its two-hundred day moving average is C$0.03.

About Falcon Gold

(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.

Further Reading

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