Falcon Oil & Gas (CVE:FO) Sets New 1-Year Low – Should You Sell?

Shares of Falcon Oil & Gas Ltd. (CVE:FO) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 666823 shares trading hands. The stock had previously closed at C$0.08.

Falcon Oil & Gas Trading Up 7.1 %

The company’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.10. The firm has a market cap of C$83.25 million, a PE ratio of -12.50 and a beta of 0.51.

About Falcon Oil & Gas

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.