Falcon Oil & Gas (LON:FOG) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Falcon Oil & Gas Ltd. (LON:FOG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.80 and traded as high as GBX 17.50. Falcon Oil & Gas shares last traded at GBX 16.05, with a volume of 6,977 shares.

Falcon Oil & Gas Stock Performance

The firm has a market cap of £178.02 million, a PE ratio of -80.25 and a beta of 0.35. The firm has a 50 day moving average price of GBX 16.05 and a 200-day moving average price of GBX 15.80.

About Falcon Oil & Gas

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.