Falcon Oil & Gas (CVE:FO) Trading 10.4% Higher – Time to Buy?

Falcon Oil & Gas Ltd. (CVE:FO) was up 10.4% during mid-day trading on Wednesday . The company traded as high as C$0.28 and last traded at C$0.27. Approximately 880,922 shares traded hands during trading, an increase of 43% from the average daily volume of 617,622 shares. The stock had previously closed at C$0.24.

Falcon Oil & Gas Price Performance

The firm has a market capitalization of C$288.38 million, a P/E ratio of -86.67 and a beta of 1.54. The stock’s fifty day simple moving average is C$0.23 and its 200 day simple moving average is C$0.19.

Falcon Oil & Gas (CVE:FO) last posted its quarterly earnings data on Thursday, November 27th. The company reported C$0.00 earnings per share for the quarter. As a group, sell-side analysts forecast that Falcon Oil & Gas Ltd. will post -0.0095238 EPS for the current fiscal year.

Falcon Oil & Gas Company Profile

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.