Central African Gold Inc. (BANC.V) (CVE:BANC) Trading Up 8.5% – Should You Buy?

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

The firm has a 50 day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.32. The company has a market capitalization of C$11.23 million and a PE ratio of -0.91. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 14.17.

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.