Cabral Gold Inc. (CVE:CBR – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$1.46 and last traded at C$1.46, with a volume of 375871 shares. The stock had previously closed at C$1.35.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus set a C$1.70 price objective on Cabral Gold and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$1.70.
Read Our Latest Analysis on CBR
Cabral Gold Trading Down 4.0%
Insider Activity
In related news, Director Alan Carter sold 180,000 shares of Cabral Gold stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$1.01, for a total value of C$181,800.00. Following the transaction, the director directly owned 13,137,408 shares of the company’s stock, valued at C$13,268,782.08. This trade represents a 1.35% decrease in their ownership of the stock. Corporate insiders own 6.87% of the company’s stock.
Cabral Gold Company Profile
Cabral Gold Inc operates as a mineral exploration and development company with primary focus on gold properties in Brazil. Its flagship holds 100% interests in the Cuiú Cuiú gold project located in the state of Para in northern Brazil. Cabral Gold Inc was formerly known as San Angelo Oil Limited. The company is based in Vancouver, Canada.
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