Falcon Gold (CVE:FG) Shares Up 33.3% – Still a Buy?

Shares of Falcon Gold Corp. (CVE:FG) shot up 33.3% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. 893,633 shares were traded during trading, an increase of 10% from the average session volume of 815,160 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Performance

The stock’s 50-day moving average is C$0.02 and its 200 day moving average is C$0.02. The stock has a market capitalization of C$2.82 million, a PE ratio of -1.50 and a beta of 1.14.

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. 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.