Falcon Gold (CVE:FG) Shares Down 25% – Should You Sell?
by Danessa Lincoln · The Markets DailyShares of Falcon Gold Corp. (CVE:FG – Get Free Report) were down 25% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 2,722,587 shares changed hands during mid-day trading, an increase of 222% from the average daily volume of 846,059 shares. The stock had previously closed at C$0.02.
Falcon Gold Stock Performance
The company has a market capitalization of C$2.82 million, a price-to-earnings ratio of -1.50 and a beta of 0.77. The business’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.
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.