Falcon Oil & Gas Ltd. (LON:FOG – Get Free Report) shares shot up 18.5% on Monday . The company traded as high as GBX 5.45 ($0.07) and last traded at GBX 5.45 ($0.07). 642,166 shares were traded during mid-day trading, an increase of 68% from the average session volume of 381,853 shares. The stock had previously closed at GBX 4.60 ($0.06).
Falcon Oil & Gas Stock Performance
The company’s 50-day moving average price is GBX 4.31 and its 200-day moving average price is GBX 4.95. The firm has a market capitalization of £59.87 million, a PE ratio of -30.83 and a beta of 0.51.
About Falcon Oil & Gas
Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres.
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