Falcon Oil & Gas (CVE:FO) Hits New 52-Week High – Here’s Why

Shares of Falcon Oil & Gas Ltd. (CVE:FO) reached a new 52-week high on Monday . The company traded as high as C$0.29 and last traded at C$0.29, with a volume of 509865 shares traded. The stock had previously closed at C$0.29.

Falcon Oil & Gas Stock Up 5.3%

The company’s fifty day moving average is C$0.24 and its two-hundred day moving average is C$0.20. The stock has a market cap of C$332.74 million, a price-to-earnings ratio of -100.00 and a beta of 1.54.

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