Falcon Oil & Gas (LON:FOG) Trading 12.6% Higher – Here’s Why

Falcon Oil & Gas Ltd. (LON:FOG) shares rose 12.6% during trading on Friday . The company traded as high as GBX 17 and last traded at GBX 17. Approximately 448,398 shares traded hands during mid-day trading, an increase of 119% from the average daily volume of 205,003 shares. The stock had previously closed at GBX 15.10.

Falcon Oil & Gas Stock Performance

The firm has a 50 day moving average of GBX 13.88 and a two-hundred day moving average of GBX 11.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.29 and a quick ratio of 51.52. The stock has a market cap of £190.22 million, a PE ratio of -57.17 and a beta of 0.47.

About Falcon Oil & Gas

Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.

Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.