Falcon Oil & Gas (LON:FOG) Hits New 52-Week High – Still a Buy?

Falcon Oil & Gas Ltd. (LON:FOG) reached a new 52-week high during trading on Monday . The company traded as high as GBX 13.40 and last traded at GBX 13.40, with a volume of 109194 shares changing hands. The stock had previously closed at GBX 12.81.

Falcon Oil & Gas Price Performance

The company has a market cap of £148.63 million, a P/E ratio of -44.67 and a beta of 0.51. The firm’s 50-day moving average is GBX 10.84 and its two-hundred day moving average is GBX 9.27.

Falcon Oil & Gas Company Profile

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.