Falcon Gold (CVE:FG) Stock Price Down 12.5% – Here’s What Happened

Falcon Gold Corp. (CVE:FGGet Free Report) dropped 12.5% during mid-day trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 170,014 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 150,363 shares. The stock had previously closed at C$0.04.

Falcon Gold Stock Down 12.5 %

The stock’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a market capitalization of C$6.21 million, a price-to-earnings ratio of -2.98 and a beta of 0.61.

About Falcon Gold

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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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