Falcon Gold (CVE:FG) Shares Down 25% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report) shares fell 25% during mid-day trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. 771,000 shares traded hands during mid-day trading, an increase of 99% from the average session volume of 388,069 shares. The stock had previously closed at C$0.02.

Falcon Gold Price Performance

The company has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The firm has a market cap of C$2.66 million, a PE ratio of -1.50 and a beta of 0.47.

About Falcon Gold

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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.

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