Falcon Oil & Gas Ltd. (CVE:FO) shares traded up 9.7% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. 433,600 shares changed hands during trading, a decline of 55% from the average session volume of 961,031 shares. The stock had previously closed at C$0.16.
The stock has a market capitalization of C$176.73 million and a PE ratio of -45.00. The company has a 50-day moving average of C$0.14 and a 200 day moving average of C$0.12.
In related news, Director Gregory Harold Smith bought 200,000 shares of the company’s stock in a transaction on Thursday, December 30th. The stock was bought at an average cost of C$0.13 per share, for a total transaction of C$26,000.00. Following the acquisition, the director now directly owns 670,000 shares in the company, valued at C$87,100.
Falcon Oil & Gas Ltd., an oil and gas company, engages in the acquisition, exploration, and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. It 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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