Falcon Oil & Gas (CVE:FO) Shares Up 4.3% – Here’s What Happened

Falcon Oil & Gas Ltd. (CVE:FOGet Free Report) shot up 4.3% during mid-day trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.12. 69,829 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 187,371 shares. The stock had previously closed at C$0.12.

Falcon Oil & Gas Stock Up 12.5 %

The firm’s 50-day moving average price is C$0.08 and its 200-day moving average price is C$0.09. The company has a market cap of C$149.85 million, a P/E ratio of -12.50 and a beta of 0.51.

About Falcon Oil & Gas

(Get Free Report)

Falcon Oil & Gas Ltd., an oil and gas company, engages in the exploration and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. The company holds 22.5% interests in three exploration permits covering an area of approximately 1 million net acres in the Beetaloo Sub-basin, Northern Territory, Australia.

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