Falcon Oil & Gas (LON:FOG) Sets New 52-Week High – Here’s Why

Shares of Falcon Oil & Gas Ltd. (LON:FOGGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 10.38 ($0.14) and last traded at GBX 9.62 ($0.13), with a volume of 1249900 shares changing hands. The stock had previously closed at GBX 9.40 ($0.13).

Falcon Oil & Gas Stock Up 2.4%

The business has a 50-day simple moving average of GBX 7.55 and a two-hundred day simple moving average of GBX 6.75. The company has a market cap of £106.70 million, a price-to-earnings ratio of -3,206.67 and a beta of 0.51.

Falcon Oil & Gas Company Profile

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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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