Cabral Gold Inc. (CVE:CBR – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$1.57 and last traded at C$1.54, with a volume of 480695 shares trading hands. The stock had previously closed at C$1.48.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus set a C$1.70 price target on Cabral Gold and gave the stock a “buy” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$1.70.
View Our Latest Research Report on Cabral Gold
Cabral Gold Trading Up 4.7%
Insider Activity at Cabral Gold
In related news, Director Alan Carter sold 180,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$1.01, for a total value of C$181,800.00. Following the sale, the director owned 13,137,408 shares in the company, valued at C$13,268,782.08. This represents a 1.35% decrease in their position. 6.87% of the stock is currently owned by corporate insiders.
About Cabral Gold
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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