Falcon Gold (CVE:FG) Trading 25% Higher – Here’s What Happened

Falcon Gold Corp. (CVE:FGGet Free Report) was up 25% on Saturday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 351,000 shares changed hands during trading, an increase of 64% from the average daily volume of 214,077 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Up 25.0 %

The company has a market cap of C$3.80 million, a price-to-earnings ratio of -2.50 and a beta of 0.61. The stock’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.04. The company has a current ratio of 0.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

About Falcon Gold

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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.

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