Insider Selling: Falcon Oil & Gas (CVE:FO) Insider Sells 4,000,000 Shares of Stock

Falcon Oil & Gas Ltd. (CVE:FO) insider Lp Sheffield Holdings sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$0.19, for a total transaction of C$760,000.00. Following the sale, the insider owned 110,386,398 shares in the company, valued at C$20,973,415.62. This trade represents a 3.50% decrease in their ownership of the stock.

Lp Sheffield Holdings also recently made the following trade(s):

• On Tuesday, September 30th, Lp Sheffield Holdings sold 2,000,000 shares of Falcon Oil & Gas stock. The stock was sold at an average price of C$0.19, for a total transaction of C$380,000.00.
• On Thursday, October 2nd, Lp Sheffield Holdings sold 731,000 shares of Falcon Oil & Gas stock. The stock was sold at an average price of C$0.21, for a total transaction of C$153,510.00.

Falcon Oil & Gas Stock Performance

Shares of FO stock opened at C$0.20 on Friday. The company has a market capitalization of C$216.28 million, a P/E ratio of -65.00 and a beta of 1.05. The company’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.13. Falcon Oil & Gas Ltd. has a 52 week low of C$0.07 and a 52 week high of C$0.22.

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.