Falcon Oil & Gas (CVE:FO) Trading Up 10.4% – What’s Next?

Falcon Oil & Gas Ltd. (CVE:FO) rose 10.4% during trading on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.27. Approximately 881,422 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 620,335 shares. The stock had previously closed at C$0.24.

Falcon Oil & Gas Stock Performance

The stock has a market capitalization of C$299.47 million, a P/E ratio of -90.00 and a beta of 1.54. The business has a 50 day simple moving average of C$0.23 and a 200-day simple moving average of C$0.19.

Falcon Oil & Gas (CVE:FO) last announced its earnings results on Thursday, November 27th. The company reported C$0.00 earnings per share (EPS) for the quarter. Equities research analysts forecast that Falcon Oil & Gas Ltd. will post -0.0095238 EPS for the current fiscal year.

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.