Central African Gold Inc. (BANC.V) (CVE:BANC) Stock Jumps 8.5% – Time to Buy?

Central African Gold Inc. (BANC.V) (CVE:BANC – Get Free Report)’s stock price shot up 8.5% during mid-day trading on Tuesday. The stock traded as high as C$0.32 and last traded at C$0.32. 80,972 shares traded hands during mid-day trading, an increase of 230% from the average session volume of 24,545 shares. The stock had previously closed at C$0.29.

Central African Gold Inc. (BANC.V) Stock Up 8.5%

The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.01 and a current ratio of 0.01. The business has a 50 day simple moving average of C$0.32 and a 200-day simple moving average of C$0.32. The firm has a market capitalization of C$11.23 million and a price-to-earnings ratio of -0.91.

About Central African Gold Inc. (BANC.V)

(Get Free Report)

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia. The company explores for nickel, gold, platinum, and palladium deposits. It holds 100% interest in six concessions located in Namibia. The company is based in Vancouver, Canada.

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