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Falcon Oil & Gas (CVE:FO) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Falcon Oil & Gas logo with Energy background

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.12 and traded as low as C$0.11. Falcon Oil & Gas shares last traded at C$0.11, with a volume of 70,000 shares changing hands.

Falcon Oil & Gas Price Performance

The company has a market cap of C$85.78 million, a price-to-earnings ratio of -30.47 and a beta of 0.51. The firm has a fifty day simple moving average of C$0.12 and a 200 day simple moving average 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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