Home / Market Movers / Midday Alert: Falcon Oil & Gas Ltd. (CDX:FO:CA) Pressures TSX Venture Basic Materials Stocks with 12.5% Decline in Morning Trading on September 22

Midday Alert: Falcon Oil & Gas Ltd. (CDX:FO:CA) Pressures TSX Venture Basic Materials Stocks with 12.5% Decline in Morning Trading on September 22

Falcon Oil & Gas Ltd. (CDX:FO:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 12.5%. After closing the previous session at $0.08, shares of FO:CA opened this morning at $0.07 and are currently trading at $0.07. At the lunch break, about 1.59 million shares have changed hands, compared to an average 30-day volume of 547,728 for Falcon Oil & Gas Ltd.. Shares moved as high as $0.08 and as low as $0.07 in today’s morning action.

The share depreciation gives the company a market capitalization of $73.72 million based upon 921.54 million shares outstanding.

In the past 52 weeks, shares of Falcon Oil & Gas Ltd. have traded as low as $0.07 and as high as $0.17. Technical traders will take note that at $0.07, shares of FO:CA are trading below their 50-day moving average (MA) at $0.102 and below their 200-day MA at below $0.116. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Falcon O&G?

Falcon Oil & Gas Ltd is an oil and gas company engaged in the acquisition, exploration and development of conventional and unconventional oil and gas assets. The company is led by its CEO Philip O'Quigley from its headquarters at Upper Hatch Street.


For more information on Falcon O&G and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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