Falcon Gold (CVE:FG) Trading Down 25% – Should You Sell?

Shares of Falcon Gold Corp. (CVE:FG) traded down 25% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 2,875,715 shares changed hands during trading, an increase of 220% from the average session volume of 897,305 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Down 25.0%

The firm has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market cap of C$2.82 million, a P/E ratio of -1.50 and a beta of 1.14.

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.