Probe Gold (CVE:PRB) Trading Down 1.8% – Time to Sell?

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

Analysts Set New Price Targets

A number of brokerages have recently commented on PRB. National Bank Financial set a C$3.65 price objective on Probe Gold and gave the company a “tender” rating in a report on Monday, November 3rd. BMO Capital Markets cut Probe Gold from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$5.50 to C$3.65 in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$3.93.

Probe Gold Price Performance

The company has a current ratio of 16.90, a quick ratio of 10.23 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of C$1.65 and a 200-day simple moving average of C$1.65. The stock has a market cap of C$228.67 million and a price-to-earnings ratio of -16.08.

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.