Falcon Oil & Gas (LON:FOG) Shares Pass Above 50 Day Moving Average – Should You Sell?

Falcon Oil & Gas Ltd. (LON:FOG) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 14.80 and traded as high as GBX 20.80. Falcon Oil & Gas shares last traded at GBX 20.60, with a volume of 342,085 shares.

Falcon Oil & Gas Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.29 and a quick ratio of 51.52. The stock has a 50-day simple moving average of GBX 14.80 and a 200 day simple moving average of GBX 12.18. The company has a market capitalization of £229.15 million, a PE ratio of -68.87 and a beta of 0.47.

Falcon Oil & Gas Company Profile

Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.

Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.