Falcon Gold (CVE:FG) Trading Down 20% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report)’s stock price fell 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 197,000 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 213,364 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The firm has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28. The company has a market cap of C$3.04 million, a P/E ratio of -2.00 and a beta of 0.61.

Falcon Gold Company Profile

(Get Free Report)

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.

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