Falcon Gold (CVE:FG) Shares Down 11.1% – Here’s Why

Falcon Gold Corp. (CVE:FG)’s stock price was down 11.1% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 163,000 shares were traded during trading, a decline of 29% from the average daily volume of 230,879 shares. The stock had previously closed at C$0.05.

Falcon Gold Trading Up 12.5 %

The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. 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$6.84 million, a P/E ratio of -4.50 and a beta of 0.61.

Falcon Gold Company Profile

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.