Falcon Oil & Gas (CVE:FO) Reaches New 12-Month High – Time to Buy?

Falcon Oil & Gas Ltd. (CVE:FO)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.21 and last traded at C$0.21, with a volume of 805037 shares trading hands. The stock had previously closed at C$0.21.

Falcon Oil & Gas Stock Performance

The stock’s 50 day moving average price is C$0.20 and its 200 day moving average price is C$0.16. The company has a market capitalization of C$227.37 million, a P/E ratio of -68.33 and a beta of 1.10.

Falcon Oil & Gas (CVE:FO) last released its earnings results on Thursday, November 27th. The company reported C$0.00 earnings per share (EPS) for the quarter. On average, analysts expect that Falcon Oil & Gas Ltd. will post -0.0095238 earnings per share for the current fiscal year.

Insider Activity at Falcon Oil & Gas

In other Falcon Oil & Gas news, insider Lp Sheffield Holdings sold 731,000 shares of Falcon Oil & Gas stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$0.21, for a total value of C$153,510.00. Following the completion of the sale, the insider directly owned 109,655,398 shares in the company, valued at approximately C$23,027,633.58. The trade was a 0.66% decrease in their ownership of the stock. Also, Director Bryan Scott Sheffield sold 731,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of C$0.21, for a total value of C$153,510.00. Following the completion of the transaction, the director directly owned 109,655,398 shares in the company, valued at approximately C$23,027,633.58. This trade represents a 0.66% decrease in their ownership of the stock. Insiders have sold 13,462,000 shares of company stock valued at $2,587,020 in the last ninety days. 25.31% of the stock is currently owned by insiders.

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.