Cabral Gold (CVE:CBR) Stock Price Down 12.7% – Here’s What Happened

Cabral Gold Inc. (CVE:CBRGet Free Report) dropped 12.7% during mid-day trading on Monday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 512,642 shares changed hands during mid-day trading, an increase of 250% from the average daily volume of 146,476 shares. The stock had previously closed at C$0.28.

Cabral Gold Trading Down 12.7 %

The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The firm has a market cap of C$48.96 million, a P/E ratio of 28.50 and a beta of 2.52. The company’s 50 day simple moving average is C$0.31 and its 200-day simple moving average is C$0.29.

About Cabral Gold

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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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