Falcon Oil & Gas (LON:FOG) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Falcon Oil & Gas Ltd. (LON:FOG)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 11.19 and traded as high as GBX 13.20. Falcon Oil & Gas shares last traded at GBX 12.95, with a volume of 454,946 shares.

Falcon Oil & Gas Price Performance

The stock’s 50 day simple moving average is GBX 11.19 and its two-hundred day simple moving average is GBX 9.54. The firm has a market cap of £145.30 million, a P/E ratio of -43.67 and a beta of 0.51.

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.