Falcon Gold (CVE:FG) Shares Down 20% – Should You Sell?

Falcon Gold Corp. (CVE:FG) shares dropped 20% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 197,000 shares changed hands during trading, a decline of 8% from the average daily volume of 213,364 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The business’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The firm has a market cap of C$3.80 million, a P/E ratio of -2.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28.

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.