Falcon Gold (CVE:FG) Shares Down 20% – Here’s What Happened

Falcon Gold Corp. (CVE:FG)’s stock price dropped 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 197,000 shares traded hands during trading, a decline of 8% from the average daily volume of 213,364 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Down 20.0 %

The company’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04. The firm has a market cap of C$3.04 million, a PE ratio of -2.00 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28.

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.