Falcon Gold (CVE:FG) Stock Price Down 20% – Here’s Why

Falcon Gold Corp. (CVE:FG)’s stock price dropped 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 526,961 shares changed hands during trading, a decline of 59% from the average daily volume of 1,295,106 shares. The stock had previously closed at C$0.03.

Falcon Gold Price Performance

The stock’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.01. The stock has a market cap of C$3.56 million, a P/E ratio of -2.00 and a beta of 0.77.

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.