Falcon Gold (CVE:FG) Trading Down 25% – Should You Sell?
by Tristan Rich · The Markets DailyShares of Falcon Gold Corp. (CVE:FG – Get Free Report) dropped 25% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 2,875,715 shares changed hands during trading, an increase of 221% from the average daily volume of 896,805 shares. The stock had previously closed at C$0.02.
Falcon Gold Stock Performance
The business’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The firm has a market cap of C$2.82 million, a price-to-earnings ratio of -1.50 and a beta of 1.14.
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.