Shares of Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.31 and traded as high as C$0.33. Falcon Oil & Gas shares last traded at C$0.32, with a volume of 1,566,924 shares traded.
Falcon Oil & Gas Price Performance
The stock has a market capitalization of C$349.38 million, a price-to-earnings ratio of -157.50 and a beta of 0.37. The company has a fifty day simple moving average of C$0.31 and a 200 day simple moving average of C$0.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 51.52 and a current ratio of 0.83.
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.
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