Falcon Oil & Gas (OTCMKTS:FOLGF) Stock Price Down 5.3% – Time to Sell?

Shares of Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) traded down 5.3% on Friday . The stock traded as low as $0.2127 and last traded at $0.2160. 123,005 shares changed hands during trading, a decline of 82% from the average session volume of 679,862 shares. The stock had previously closed at $0.2281.

Falcon Oil & Gas Stock Performance

The firm’s 50 day moving average price is $0.21 and its 200 day moving average price is $0.17.

Falcon Oil & Gas Company Profile

Falcon Oil & Gas Limited is an independent oil and gas exploration and production company headquartered in Dublin, Ireland, and trading on the OTC Markets under the symbol FOLGF. The company is focused on identifying, acquiring and developing both conventional and unconventional hydrocarbon resources in Europe, with a primary emphasis on Central Europe.

The company’s principal assets include onshore exploration permits and production licenses in Hungary and Romania. In Hungary, Falcon holds interests in multiple blocks where it has conducted 2D and 3D seismic surveys and appraisal drilling to evaluate the potential of unconventional gas plays.