Falcon Gold (CVE:FG) Trading Down 14.3% – What’s Next?

Falcon Gold Corp. (CVE:FGGet Free Report) dropped 14.3% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 130,000 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 138,959 shares. The stock had previously closed at C$0.04.

Falcon Gold Price Performance

The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a market capitalization of C$6.21 million, a P/E ratio of -2.98 and a beta of 0.61.

About Falcon Gold

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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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