Probe Gold (CVE:PRB) Price Target Raised to C$3.50 at BMO Capital Markets

Probe Gold (CVE:PRB) had its price target lifted by BMO Capital Markets from C$3.00 to C$3.50 in a research note issued to investors on Thursday, BayStreet.CA reports.

Probe Gold Price Performance

Shares of Probe Gold stock opened at C$1.65 on Thursday. The company has a 50-day simple moving average of C$1.65 and a two-hundred day simple moving average of C$1.65. Probe Gold has a twelve month low of C$1.09 and a twelve month high of C$2.33. The stock has a market capitalization of C$249.83 million and a price-to-earnings ratio of -11.15. The company has a quick ratio of 10.23, a current ratio of 10.26 and a debt-to-equity ratio of 0.93.

Insider Buying and Selling

In related news, Director Shannon Leigh Mccrae purchased 19,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of C$1.75 per share, with a total value of C$33,950.00.

About Probe Gold

Probe Metals Inc engages in the acquisition, exploration, and development of gold properties in Canada. The company's principal project is the Val-d'Or East project comprising 1,000 claims covering an area of 436 square kilometers located in the city of Val-d'Or, Quebec. It also holds interest in the Detour Quebec project, which includes approximately 1,434 claims covering ab area of 777 square kilometers located in north of Rouyn-Noranda, Quebec; and 100 % interest in Casa-Cameron project comprising 3 properties covering an area of approximately 169 square kilometers.