Cabral Gold (CVE:CBR) Reaches New 52-Week High – Here’s Why

Cabral Gold Inc. (CVE:CBR)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$1.61 and last traded at C$1.61, with a volume of 67694 shares trading hands. The stock had previously closed at C$1.56.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$1.70 price target on shares of Cabral Gold and gave the stock a “buy” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Cabral Gold has an average rating of “Buy” and an average price target of C$1.70.

Cabral Gold Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82. The firm has a market capitalization of C$569.14 million, a P/E ratio of -32.80 and a beta of 2.82. The business has a fifty day moving average of C$1.28 and a 200-day moving average of C$1.07.

Insider Activity

In other news, Director Alan Carter sold 300,000 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$0.91, for a total transaction of C$273,000.00. Following the transaction, the director directly owned 13,137,408 shares of the company’s stock, valued at approximately C$11,955,041.28. This trade represents a 2.23% decrease in their ownership of the stock. 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.