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Falcon Gold shares plummeted 25% to C$0.02 amid low trading volume, with no stated cause.
Falcon Gold (CVE:FG) shares dropped 25% on Monday, hitting a low of C$0.02 and closing at that level, with trading volume at 203,000 shares—51% below its average daily volume.
The company, which explores for gold, silver, copper, base metals, and diamonds in the Americas, has a market cap of C$2.66 million, a negative P/E ratio of -1.50, and a 50-day moving average of C$0.02.
Its flagship project is the Central Canada Gold Mine, located near Agnico Eagle’s Hammond Reef deposit.
No specific reason for the decline was provided.
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Las acciones de Falcon Gold se desplomaron un 25% a C $ 0.02 en medio de un bajo volumen de operaciones, sin ninguna causa indicada.