Falcon Oil & Gas (LON:FOG) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Falcon Oil & Gas Ltd. (LON:FOG)’s share price 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 Price 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 company has a 50 day moving average price of GBX 15.02 and a 200 day moving average price of GBX 12.29. The firm has a market cap of £188.55 million, a PE ratio of -56.67 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.