Shares of Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) shot up 12.5% during mid-day trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 263,338 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 192,077 shares. The stock had previously closed at C$0.12.
Falcon Oil & Gas Stock Performance
The stock has a market capitalization of C$149.85 million, a P/E ratio of -12.50 and a beta of 0.51. The stock has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09.
About Falcon Oil & Gas
(
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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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