Falcon Gold (CVE:FG) Shares Up 33.3% – Still a Buy?

Falcon Gold Corp. (CVE:FG) shares shot up 33.3% during trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 892,800 shares were traded during trading, an increase of 10% from the average session volume of 815,130 shares. The stock had previously closed at C$0.02.

Falcon Gold Price Performance

The firm has a market capitalization of C$3.76 million, a price-to-earnings ratio of -2.00 and a beta of 1.14. The business has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Falcon Gold Company Profile

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.