Falcon Gold (CVE:FG) Stock Price Down 25% – Here’s Why

Falcon Gold Corp. (CVE:FG) shares dropped 25% during trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 235,540 shares changed hands during trading, a decline of 44% from the average daily volume of 420,415 shares. The stock had previously closed at C$0.02.

Falcon Gold Trading Down 25.0%

The company has a market capitalization of C$2.66 million, a PE ratio of -1.50 and a beta of 0.59. The firm has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.01.

About Falcon Gold

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. The company was formerly known as Chesstown Capital Inc and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.