Falcon Gold (CVE:FG) Shares Up 40% – Still a Buy?

Falcon Gold Corp. (CVE:FG) shares shot up 40% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. 141,500 shares traded hands 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 Trading Up 40.0 %

The firm’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The stock has a market capitalization of C$5.32 million, a P/E ratio of -3.50 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.28 and a debt-to-equity ratio of 0.41.

Falcon Gold Company Profile

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.