Falcon Gold (CVE:FG) Shares Down 25% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report) was down 25% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 771,000 shares traded hands during trading, an increase of 99% from the average daily volume of 388,069 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Performance

The firm’s 50-day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The stock has a market cap of C$2.66 million, a price-to-earnings ratio of -1.50 and a beta of 0.47.

About Falcon Gold

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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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