Cabral Gold (CVE:CBR) Trading Up 8.3%

Cabral Gold Inc. (CVE:CBRGet Free Report)’s share price was up 8.3% during mid-day trading on Thursday . The company traded as high as C$0.33 and last traded at C$0.33. Approximately 94,810 shares traded hands during trading, a decline of 28% from the average daily volume of 131,321 shares. The stock had previously closed at C$0.30.

Cabral Gold Price Performance

The stock has a market capitalization of C$62.73 million, a P/E ratio of 31.00 and a beta of 2.29. The business has a fifty day simple moving average of C$0.27 and a 200-day simple moving average of C$0.21. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 7.14.

Insider Buying and Selling

In related news, insider Phoenix Gold Fund Limited sold 203,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$0.33, for a total value of C$67,436.60. 7.25% of the stock is owned by company insiders.

About Cabral Gold

(Get Free Report)

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.

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