Falcon Gold (CVE:FG) Trading 40% Higher – Here’s Why

Falcon Gold Corp. (CVE:FG) traded up 40% during trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. 141,500 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 118,051 shares. The stock had previously closed at C$0.03.

Falcon Gold Trading Up 40.0 %

The firm has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The firm has a market cap of C$5.32 million, a P/E ratio of -3.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28.

Falcon Gold Company Profile

Falcon Gold Corp. generates, acquires, and explores mineral properties in the Americas. It explores for gold, silver, copper, and base metal deposits, as well as diamonds. Its flagship project is the Central Canada Gold Mine located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit.