Falcon Gold (CVE:FG) Shares Up 33.3% – Here’s Why
by Tristan Rich · The Markets DailyFalcon Gold Corp. (CVE:FG – Get Free Report) shot up 33.3% during trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. 1,604,256 shares were traded during mid-day trading, an increase of 2% from the average session volume of 1,574,356 shares. The stock had previously closed at C$0.02.
Falcon Gold Stock Performance
The company has a market cap of C$3.55 million, a price-to-earnings ratio of -2.00 and a beta of 0.77. The firm’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.01.
About Falcon Gold
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.