Falcon Gold (CVE:FG) Trading Down 20% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report) shares were down 20% on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 197,000 shares were traded during mid-day 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 Trading Up 25.0 %

The company has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.04. The stock 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 current ratio of 0.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

About Falcon Gold

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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.

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