Falcon Gold (CVE:FG) Shares Down 25% – Time to Sell?

Falcon Gold Corp. (CVE:FG) shares fell 25% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 2,843,715 shares were traded during mid-day trading, an increase of 218% from the average session volume of 894,263 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Performance

The stock has a market capitalization of C$2.82 million, a P/E ratio of -1.50 and a beta of 1.14. The company’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

About Falcon Gold

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. The company was formerly known as Chesstown Capital Inc and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.