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

Central African Gold Inc. (BANC.V) (CVE:BANC) shot up 8.5% during mid-day trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.32. 80,972 shares traded 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$0.30.

Central African Gold Inc. (BANC.V) Stock Performance

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

About Central African Gold Inc. (BANC.V)

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.