Falcon Oil & Gas (CVE:FO) Shares Down 17.9% – Should You Sell?

Falcon Oil & Gas Ltd. (CVE:FO) dropped 17.9% during mid-day trading on Wednesday . The company traded as low as C$0.31 and last traded at C$0.32. Approximately 628,694 shares were traded during trading, a decline of 17% from the average daily volume of 760,263 shares. The stock had previously closed at C$0.39.

Falcon Oil & Gas Stock Down 17.9%

The company has a market capitalization of C$354.93 million, a price-to-earnings ratio of -106.67 and a beta of 0.22. The business’s 50-day moving average is C$0.29 and its 200-day moving average is C$0.23. The company has a quick ratio of 51.52, a current ratio of 2.29 and a debt-to-equity ratio of 0.03.

About Falcon Oil & Gas

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.