Falcon Gold (CVE:FG) Stock Price Down 20% – Here’s What Happened

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

Falcon Gold Trading Up 25.0 %

The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.28 and a quick ratio of 0.91. The firm has a market cap of C$3.80 million, a price-to-earnings ratio of -2.50 and a beta of 0.61.

About Falcon Gold

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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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