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flag Falcon Gold shares jumped 33% to C$0.02 on volume above average, but reason for surge was unexplained.

flag Falcon Gold (CVE:FG) shares surged 33.3% on Wednesday, reaching a high of C$0.02 and closing at that level, with trading volume 10% above average. flag The Vancouver-based company, which explores for gold, silver, copper, base metals, and diamonds in the Americas, has a market cap of C$3.76 million. flag Its flagship project is the Central Canada Gold Mine, located near Agnico Eagle’s Hammond Reef deposit. flag Despite a negative P/E ratio and beta of 1.14, the stock’s 50-day and 200-day moving averages both stood at C$0.02. flag The reason for the rally was not specified.

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