Falcon Gold (CVE:FG) Stock Price Down 25% – Time to Sell?

Falcon Gold Corp. (CVE:FG) shares fell 25% during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 235,540 shares changed hands during trading, a decline of 44% from the average session volume of 420,415 shares. The stock had previously closed at C$0.02.

Falcon Gold Trading Down 25.0%

The business’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.01. The firm has a market cap of C$2.66 million, a price-to-earnings ratio of -1.50 and a beta of 0.59.

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.