Falcon Gold (CVE:FG) Trading Down 20% – Here’s What Happened
by Danessa Lincoln · The Markets DailyFalcon Gold Corp. (CVE:FG – Get Free Report)’s share price dropped 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 526,961 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,295,106 shares. The stock had previously closed at C$0.03.
Falcon Gold Stock Down 20.0%
The firm has a market cap of C$3.56 million, a PE ratio of -2.00 and a beta of 0.77. The firm’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.01.
About Falcon Gold
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. The company was formerly known as Chesstown Capital Inc and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.