Shares of Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report) shot up 12.5% on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 263,338 shares were traded during 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 Up 12.5 %
The firm’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The company has a market capitalization of C$149.85 million, a PE ratio of -12.50 and a beta of 0.51.
About Falcon Oil & Gas
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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