Falcon Oil & Gas (CVE:FO) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Falcon Oil & Gas Ltd. (CVE:FOGet Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.09 and traded as high as C$0.14. Falcon Oil & Gas shares last traded at C$0.13, with a volume of 185,811 shares traded.

Falcon Oil & Gas Stock Up 4.0 %

The firm has a market capitalization of C$144.30 million, a PE ratio of -12.50 and a beta of 0.51. The firm’s 50-day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09.

About Falcon Oil & Gas

(Get Free Report)

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.

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