Falcon Gold Corp. (CVE:FG – Get Free Report)’s share price dropped 25% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 4,422,371 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 1,564,390 shares. The stock had previously closed at C$0.02.
Falcon Gold Stock Performance
The firm’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01. The stock has a market capitalization of C$3.55 million, a P/E ratio of -2.00 and a beta of 0.77.
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.
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