Falcon Gold (CVE:FG) Shares Up 40% – Here’s What Happened

Falcon Gold Corp. (CVE:FGGet Free Report)’s stock price was up 40% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 141,500 shares were traded during trading, an increase of 20% from the average daily volume of 118,051 shares. The stock had previously closed at C$0.03.

Falcon Gold Price Performance

The stock’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The firm has a market cap of C$5.32 million, a price-to-earnings ratio of -3.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28.

Falcon Gold Company Profile

(Get Free Report)

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.

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