Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) Sees Large Growth in Short Interest
by Scott Moore · The Cerbat GemFalcon Oil & Gas Ltd. (OTCMKTS:FOLGF – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 60,740 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 309,784 shares, the days-to-cover ratio is currently 0.2 days.
Falcon Oil & Gas Stock Down 1.6%
Shares of OTCMKTS:FOLGF traded down $0.00 during trading on Monday, hitting $0.23. 2,010 shares of the company were exchanged, compared to its average volume of 567,398. Falcon Oil & Gas has a fifty-two week low of $0.08 and a fifty-two week high of $0.30. The firm has a fifty day moving average price of $0.22 and a two-hundred day moving average price of $0.18.
About Falcon Oil & Gas
Falcon Oil & Gas Limited is an independent oil and gas exploration and production company headquartered in Dublin, Ireland, and trading on the OTC Markets under the symbol FOLGF. The company is focused on identifying, acquiring and developing both conventional and unconventional hydrocarbon resources in Europe, with a primary emphasis on Central Europe.
The company’s principal assets include onshore exploration permits and production licenses in Hungary and Romania. In Hungary, Falcon holds interests in multiple blocks where it has conducted 2D and 3D seismic surveys and appraisal drilling to evaluate the potential of unconventional gas plays.