Cabral Gold (CVE:CBR) Shares Up 6% – Should You Buy?

Cabral Gold Inc. (CVE:CBRGet Free Report) traded up 6% during mid-day trading on Tuesday . The stock traded as high as C$1.06 and last traded at C$1.06. Approximately 103,788 shares changed hands during trading, a decline of 74% from the average session volume of 399,835 shares. The stock had previously closed at C$1.00.

Cabral Gold Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36. The business has a 50-day simple moving average of C$0.97 and a 200-day simple moving average of C$0.92. The firm has a market capitalization of C$323.74 million, a PE ratio of -21.20 and a beta of 2.72.

Insiders Place Their Bets

In other Cabral Gold news, Director Alan Carter sold 180,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director 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. 6.87% of the stock is owned by company insiders.

Cabral Gold Company Profile

(Get Free Report)

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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