Falcon Oil & Gas (LON:FOG) Sets New 12-Month High – What’s Next?

Falcon Oil & Gas Ltd. (LON:FOG) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 15 and last traded at GBX 14.90, with a volume of 839223 shares changing hands. The stock had previously closed at GBX 13.80.

Falcon Oil & Gas Price Performance

The business’s 50 day moving average price is GBX 12.48 and its 200 day moving average price is GBX 10.52. The firm has a market cap of £165.26 million, a PE ratio of -49.67 and a beta of 0.51.

Falcon Oil & Gas Company Profile

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.