Falcon Oil & Gas (LON:FOG) Hits New 12-Month High – Here’s Why

Falcon Oil & Gas Ltd. (LON:FOG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 13 and last traded at GBX 12.80, with a volume of 504906 shares changing hands. The stock had previously closed at GBX 12.

Falcon Oil & Gas Stock Performance

The stock’s 50 day simple moving average is GBX 10.57 and its two-hundred day simple moving average is GBX 9.07. The firm has a market capitalization of £141.97 million, a PE ratio of -42.67 and a beta of 0.51.

About Falcon Oil & Gas

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. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.

Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.