Falcon Oil & Gas (CVE:FO) Reaches New 52-Week High – Here’s What Happened
by Scott Moore · The Cerbat GemFalcon Oil & Gas Ltd. (CVE:FO – Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as C$0.23 and last traded at C$0.23, with a volume of 939323 shares changing hands. The stock had previously closed at C$0.22.
Falcon Oil & Gas Stock Up 4.5%
The firm has a market cap of C$255.10 million, a P/E ratio of -76.67 and a beta of 1.59. The firm’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.17.
Falcon Oil & Gas (CVE:FO – Get Free Report) last issued its quarterly earnings results on Thursday, November 27th. The company reported C$0.00 earnings per share (EPS) for the quarter. As a group, analysts forecast that Falcon Oil & Gas Ltd. will post -0.0095238 earnings per share for the current year.
Falcon Oil & Gas Company Profile
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. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.