Falcon Oil & Gas (CVE:FO) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of Falcon Oil & Gas Ltd. (CVE:FOGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.12 and traded as low as C$0.11. Falcon Oil & Gas shares last traded at C$0.11, with a volume of 70,000 shares trading hands.

Falcon Oil & Gas Stock Performance

The firm’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.10. The stock has a market cap of C$81.88 million, a P/E ratio of -29.09 and a beta of 0.51.

About Falcon Oil & Gas

(Get Free Report)

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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