Falcon Gold (CVE:FG) Shares Down 16.7% – Here’s What Happened

Falcon Gold Corp. (CVE:FGGet Free Report)’s share price dropped 16.7% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 354,000 shares changed hands during mid-day trading, an increase of 184% from the average daily volume of 124,790 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Down 16.7 %

The firm has a market cap of C$3.80 million, a price-to-earnings ratio of -2.50 and a beta of 0.61. The firm has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.03. The company has a current ratio of 0.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

Falcon Gold Company Profile

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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.

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