September 16, 2016 - 10:45 AM EDT
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Midday Alert: Falcon Oil & Gas Ltd. (CDX:FO:CA) Pressures TSX Venture Basic Materials Stocks with 11.76% Decline in Morning Trading on September 15

Falcon Oil & Gas Ltd. (CDX:FO:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 15, with a fall of 11.76%. After closing the previous session at $0.085, shares of FO:CA opened this morning at $0.075 and are currently trading at $0.075. At the lunch break, about 3.34 million shares have changed hands, compared to an average 30-day volume of 334,944 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 $78.33 million based upon 921.54 million shares outstanding. In the past 52 weeks, shares of Falcon Oil & Gas Ltd. have traded as low as $0.08 and as high as $0.17. Technical traders will take note that at $0.075, shares of FO:CA are trading below their 50-day moving average (MA) at $0.105 and below their 200-day MA at below $0.118. 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 today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. is not responsible for inaccuracies in third-party supplied information. 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. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (September 16, 2016 - 10:45 AM EDT)

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