Falcon Oil & Gas (CVE:FO) Hits New 12-Month High – What’s Next?

Shares of Falcon Oil & Gas Ltd. (CVE:FO) hit a new 52-week high on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25, with a volume of 583110 shares trading hands. The stock had previously closed at C$0.25.

Falcon Oil & Gas Trading Up 2.0%

The company has a market capitalization of C$277.29 million, a price-to-earnings ratio of -83.33 and a beta of 1.59. The company’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.17.

Falcon Oil & Gas (CVE:FO) last announced its quarterly earnings data on Thursday, November 27th. The company reported C$0.00 earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Falcon Oil & Gas Ltd. will post -0.0095238 EPS for the current year.

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. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.