Falcon Gold (CVE:FG) Shares Down 25% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report) shares fell 25% during trading on Saturday . The company traded as low as C$0.02 and last traded at C$0.02. 235,540 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 420,415 shares. The stock had previously closed at C$0.02.

Falcon Gold Price Performance

The business has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.01. The stock has a market capitalization of C$2.66 million, a price-to-earnings ratio of -1.50 and a beta of 0.59.

Falcon Gold Company Profile

(Get Free Report)

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.

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