Falcon Oil & Gas (CVE:FO) Sets New 52-Week High – Time to Buy?

Falcon Oil & Gas Ltd. (CVE:FO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.28 and last traded at C$0.27, with a volume of 654816 shares. The stock had previously closed at C$0.27.

Falcon Oil & Gas Trading Up 3.7%

The company has a market cap of C$310.56 million, a price-to-earnings ratio of -93.33 and a beta of 1.54. The firm has a 50-day moving average price of C$0.24 and a 200 day moving average price of C$0.20.

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

Falcon Oil & Gas Company Profile

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. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.