Cabral Gold (CVE:CBR) Director Ian Gendall Sells 37,500 Shares of Stock

Cabral Gold Inc. (CVE:CBR) Director Ian Gendall sold 37,500 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of C$1.33, for a total value of C$49,875.00. Following the completion of the transaction, the director directly owned 87,500 shares in the company, valued at C$116,375. This represents a 30.00% decrease in their ownership of the stock.

Cabral Gold Trading Down 8.0%

Shares of CVE:CBR opened at C$1.15 on Friday. Cabral Gold Inc. has a 52-week low of C$0.50 and a 52-week high of C$1.68. The stock has a market cap of C$399.09 million, a price-to-earnings ratio of -23.00 and a beta of 2.50. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of C$1.45 and a 200-day moving average price of C$1.14.

Analysts Set New Price Targets

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

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.