Cabral Gold (CVE:CBR) Shares Down 10.8% – Here’s What Happened

Cabral Gold Inc. (CVE:CBR)’s share price dropped 10.8% on Wednesday. The stock traded as low as C$1.30 and last traded at C$1.32. 211,205 shares were traded during mid-day trading, a decline of 48% from the average session volume of 408,853 shares. The stock had previously closed at C$1.48.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$1.70 target price on Cabral Gold and gave the company a “buy” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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 company has a market capitalization of C$451.14 million, a PE ratio of -26.00 and a beta of 2.36. The company’s 50-day simple moving average is C$1.40 and its 200-day simple moving average is C$1.09.

Insider Buying and Selling at Cabral Gold

In other news, 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 transaction of C$49,875.00. Following the completion of the sale, the director owned 87,500 shares in the company, valued at approximately C$116,375. This represents a 30.00% decrease in their ownership of the stock. Company 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.