Probe Gold (CVE:PRB) Trading Down 1.8% – Should You Sell?

Probe Gold Inc. (CVE:PRB)’s share price was down 1.8% during trading on Monday . The stock traded as low as C$1.64 and last traded at C$1.65. Approximately 21,950 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 52,782 shares. The stock had previously closed at C$1.68.

Wall Street Analysts Forecast Growth

Separately, CIBC dropped their target price on shares of Probe Gold from C$3.35 to C$2.35 in a report on Monday, December 2nd.

Probe Gold Price Performance

The company has a market capitalization of C$249.83 million and a PE ratio of -11.15. The company has a current ratio of 10.26, a quick ratio of 10.23 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average price is C$1.65 and its 200-day moving average price is C$1.65.

Probe Gold Company Profile

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.