Shares of Falcon Oil & Gas Ltd. (LON:FOG – Get Free Report) dropped 2.7% on Thursday. The stock traded as low as GBX 16 and last traded at GBX 16.05. Approximately 6,977 shares were traded during trading, a decline of 97% from the average daily volume of 215,099 shares. The stock had previously closed at GBX 16.50.
Falcon Oil & Gas Price Performance
The company’s 50-day moving average is GBX 16.05 and its 200-day moving average is GBX 15.87. The firm has a market capitalization of £178.02 million, a price-to-earnings ratio of -80.25 and a beta of 0.35.
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.
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