Falcon Gold (CVE:FG) Shares Down 25% – Here’s Why

Falcon Gold Corp. (CVE:FG)’s share price fell 25% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 4,422,371 shares changed hands during mid-day trading, an increase of 183% from the average session volume of 1,564,390 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Performance

The firm’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.01. The stock has a market capitalization of C$3.55 million, a PE 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.