Falcon Oil & Gas (CVE:FO) Shares Down 2.3%

Falcon Oil & Gas Ltd (CVE:FO) dropped 2.3% during mid-day trading on Wednesday . The stock traded as low as C$0.21 and last traded at C$0.21, approximately 29,577 shares traded hands during mid-day trading. A decline of 87% from the average daily volume of 225,261 shares. The stock had previously closed at C$0.22.

The company’s 50-day moving average price is C$0.22 and its 200-day moving average price is C$0.27. The firm has a market cap of $216.01 million and a price-to-earnings ratio of -107.50.

About Falcon Oil & Gas (CVE:FO)

Falcon Oil & Gas Ltd., an oil and gas company, engages in the acquisition, exploration, and development of unconventional oil and gas assets in Australia, Hungary, South Africa, and Canada. It holds interests in three exploration permits covering an area of approximately 1.4 million net acres in the Beetaloo Basin, Northern Territory, Australia.

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