Falcon Oil & Gas (CVE:FO) Sets New 1-Year High – Here’s Why

Shares of Falcon Oil & Gas Ltd. (CVE:FO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.28 and last traded at C$0.27, with a volume of 654816 shares trading hands. The stock had previously closed at C$0.27.

Falcon Oil & Gas Stock Performance

The stock has a fifty day simple moving average of C$0.24 and a 200 day simple moving average of C$0.20. The firm has a market cap of C$305.01 million, a P/E ratio of -91.67 and a beta of 1.54.

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

Falcon Oil & Gas Company Profile

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.