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Falcon Gold surged 33% on Monday, closing at C$0.02, but the reason for the jump was unexplained.
Falcon Gold (CVE:FG) jumped 33.3% on Monday, hitting a high of C$0.02 and closing at that level, with trading volume at 237,815 shares—43% below its average.
The company, based in Vancouver, explores for gold, silver, copper, base metals, and diamonds in the Americas, with its flagship project near Agnico Eagle’s Hammond Reef deposit.
It has a market cap of C$3.55 million, a negative P/E ratio of -2.00, and a beta of 0.59.
The stock traded near its 50-day moving average of C$0.02 and above its 200-day average of C$0.01.
The cause of the price surge was not explained.
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Falcon Gold subió un 33% el lunes, cerrando en C$0.02, pero la razón del salto fue inexplicable.