Central African Gold Inc. (BANC.V) (CVE:BANC) Trading Up 8.5% – Here’s What Happened

Central African Gold Inc. (BANC.V) (CVE:BANC)’s share price rose 8.5% on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 80,972 shares traded hands during mid-day trading, an increase of 230% from the average daily volume of 24,545 shares. The stock had previously closed at C$0.30.

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

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 business has a 50 day moving average price of C$0.32 and a two-hundred day moving average price of C$0.32. The stock 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.