Falcon Gold (CVE:FG) Shares Up 25% – Here’s What Happened

Falcon Gold Corp. (CVE:FG)’s share price shot up 25% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. 340,134 shares traded hands during trading, a decline of 71% from the average session volume of 1,188,998 shares. The stock had previously closed at C$0.02.

Falcon Gold Trading Up 25.0%

The stock has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.01. The firm has a market cap of C$4.45 million, a price-to-earnings ratio of -2.50 and a beta of 0.77.

Falcon Gold Company Profile

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. The company was formerly known as Chesstown Capital Inc and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.