Falcon Oil & Gas (CVE:FO) Trading 2.5% Higher – Still a Buy?

Shares of Falcon Oil & Gas Ltd. (CVE:FO) shot up 2.5% during mid-day trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. 560,815 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 356,872 shares. The stock had previously closed at C$0.20.

Falcon Oil & Gas Trading Up 2.4%

The firm has a market capitalization of C$232.92 million, a PE ratio of -70.00 and a beta of 1.10. The business’s 50 day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.16.

Falcon Oil & Gas (CVE:FO) last posted its earnings results on Thursday, November 27th. The company reported C$0.00 earnings per share for the quarter. As a group, equities research analysts anticipate that Falcon Oil & Gas Ltd. will post -0.0095238 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Bryan Scott Sheffield sold 4,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$0.19, for a total transaction of C$760,000.00. Following the completion of the sale, the director directly owned 110,386,398 shares in the company, valued at approximately C$20,973,415.62. The trade was a 3.50% decrease in their ownership of the stock. Also, insider Lp Sheffield Holdings sold 4,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$0.19, for a total transaction of C$760,000.00. Following the sale, the insider directly owned 110,386,398 shares of the company’s stock, valued at approximately C$20,973,415.62. This represents a 3.50% decrease in their ownership of the stock. In the last three months, insiders sold 13,462,000 shares of company stock worth $2,587,020. 25.31% of the stock is currently owned by insiders.

About Falcon Oil & Gas

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. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.