Falcon Gold (CVE:FG) Trading 40% Higher – Here’s Why

Shares of Falcon Gold Corp. (CVE:FG) traded up 40% during mid-day trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. 141,500 shares were traded during trading, an increase of 20% from the average session volume of 118,051 shares. The stock had previously closed at C$0.03.

Falcon Gold Trading Up 40.0 %

The stock’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.03. 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 company has a current ratio of 0.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

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.