Cabral Gold Inc. (CVE:CBR – Get Free Report) shares shot up 11.4% during mid-day trading on Tuesday . The company traded as high as C$0.98 and last traded at C$0.98. 163,204 shares traded hands during trading, a decline of 43% from the average session volume of 284,414 shares. The stock had previously closed at C$0.88.
Cabral Gold Trading Up 5.3%
The firm has a 50 day simple moving average of C$0.78 and a 200 day simple moving average of C$0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82. The firm has a market cap of C$302.68 million, a P/E ratio of -21.80 and a beta of 3.38.
About Cabral Gold
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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