Falcon Oil & Gas (CVE:FO) Reaches New 1-Year Low at $0.09

Falcon Oil & Gas Ltd. (CVE:FO)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.10, with a volume of 9000 shares changing hands. The stock had previously closed at C$0.10.

The firm’s 50-day moving average is C$0.11. The firm has a market cap of C$98.18 million and a price-to-earnings ratio of -47.50.

About Falcon Oil & Gas (CVE:FO)

Falcon Oil & Gas Ltd., an oil and gas company, engages in the acquisition, exploration, and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. It 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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