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Falcon Oil & Gas (CVE:FO) Shares Pass Above 50-Day Moving Average - Here's Why

Falcon Oil & Gas logo with Energy background

Shares of Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.11 and traded as high as C$0.12. Falcon Oil & Gas shares last traded at C$0.11, with a volume of 139,669 shares traded.

Falcon Oil & Gas Stock Performance

The stock has a market capitalization of C$81.88 million, a P/E ratio of -29.09 and a beta of 0.51. The stock has a 50-day moving average price of C$0.11 and a two-hundred day moving average price of C$0.10.

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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