Falcon Oil & Gas (LON:FOG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Falcon Oil & Gas Ltd. (LON:FOG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 14.90 and traded as high as GBX 17.50. Falcon Oil & Gas shares last traded at GBX 16.05, with a volume of 6,977 shares.

Falcon Oil & Gas Stock Performance

The stock has a 50-day simple moving average of GBX 16.45 and a 200 day simple moving average of GBX 14.90. The stock has a market capitalization of £178.02 million, a P/E ratio of -80.25 and a beta of 0.35.

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.