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

Central African Gold Inc. (BANC.V) (CVE:BANC)’s stock price was up 8.5% on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.32. 80,972 shares changed 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) Trading Up 8.5%

The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 14.17. The company has a fifty day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.32. The stock has a market capitalization of C$11.23 million and a P/E ratio of -0.91.

Central African Gold Inc. (BANC.V) Company Profile

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.