Falcon Gold (CVE:FG) Trading Down 20% – What’s Next?

Falcon Gold Corp. (CVE:FG)’s share price dropped 20% on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 139,000 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 213,107 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The business’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04. The stock has a market cap of C$3.80 million, a P/E ratio of -2.50 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.28 and a debt-to-equity ratio of 0.41.

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.