Falcon Gold (CVE:FG) Shares Down 25% – Time to Sell?

Falcon Gold Corp. (CVE:FG)’s stock price fell 25% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 2,875,715 shares were traded during trading, an increase of 220% from the average session volume of 897,305 shares. The stock had previously closed at C$0.02.

Falcon Gold Price Performance

The firm has a market cap of C$2.82 million, a P/E ratio of -1.50 and a beta of 1.14. The company’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02.

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. 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.