Falcon Gold (CVE:FG) Trading Up 40% – Should You Buy?

Falcon Gold Corp. (CVE:FGGet Free Report) shares traded up 40% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 141,500 shares were traded during mid-day trading, an increase of 20% from the average session volume of 118,051 shares. The stock had previously closed at C$0.03.

Falcon Gold Price Performance

The company has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03. The firm has a market cap of C$5.32 million, a P/E ratio of -3.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28.

Falcon Gold Company Profile

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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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