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

Falcon Gold Corp. (CVE:FG)’s stock price rose 40% during trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 141,500 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 118,051 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

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$5.32 million, a P/E ratio of -3.50 and a beta of 0.61. The stock’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

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.