Falcon Gold (CVE:FG) Hits New 52-Week Low – What’s Next?

Falcon Gold Corp. (CVE:FG)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 210485 shares changing hands. The stock had previously closed at C$0.04.

Falcon Gold Trading Down 14.3%

The company’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.03. The company has a debt-to-equity ratio of -4.45, a quick ratio of 0.91 and a current ratio of 0.15. The firm has a market cap of C$1.78 million, a price-to-earnings ratio of -0.75 and a beta of -0.47.

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.