Falcon Gold (CVE:FG) Trading Up 40% – What’s Next?

Falcon Gold Corp. (CVE:FGGet Free Report) rose 40% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 141,500 shares traded hands during trading, an increase of 20% from the average daily volume of 118,051 shares. The stock had previously closed at C$0.03.

Falcon Gold Price Performance

The business’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The firm has a market capitalization of C$5.32 million, a price-to-earnings ratio of -3.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.28 and a quick ratio of 0.91.

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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