Falcon Oil & Gas (CVE:FO) Hits New 12-Month High – Here’s What Happened

Falcon Oil & Gas Ltd. (CVE:FO) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.23, with a volume of 939323 shares traded. The stock had previously closed at C$0.22.

Falcon Oil & Gas Stock Up 4.3%

The stock has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.17. The firm has a market cap of C$266.19 million, a price-to-earnings ratio of -80.00 and a beta of 1.59.

Falcon Oil & Gas (CVE:FO) last announced its quarterly earnings data on Thursday, November 27th. The company reported C$0.00 earnings per share (EPS) for the quarter. As a group, analysts predict that Falcon Oil & Gas Ltd. will post -0.0095238 EPS for the current fiscal year.

About Falcon Oil & Gas

Falcon Oil & Gas Ltd., an oil and gas company, engages in the exploration and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. The company holds 22.5% interests in three exploration permits covering an area of approximately 1 million net acres in the Beetaloo Sub-basin, Northern Territory, Australia. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.