Insider Selling: Cabral Gold (CVE:CBR) Director Sells 37,500 Shares of Stock

Cabral Gold Inc. (CVE:CBR) Director Ian Gendall sold 37,500 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of C$1.33, for a total value of C$49,875.00. Following the transaction, the director owned 87,500 shares of the company’s stock, valued at C$116,375. The trade was a 30.00% decrease in their position.

Cabral Gold Stock Performance

CBR traded down C$0.10 during trading hours on Thursday, hitting C$1.15. The stock had a trading volume of 456,460 shares, compared to its average volume of 412,187. The company’s fifty day simple moving average is C$1.45 and its 200 day simple moving average is C$1.14. Cabral Gold Inc. has a 1 year low of C$0.50 and a 1 year high of C$1.68. The stock has a market cap of C$399.09 million, a PE ratio of -23.00 and a beta of 2.50. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$1.70 target price on shares of Cabral Gold and gave the stock a “buy” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Cabral Gold currently has a consensus rating of “Buy” and a consensus target price of C$1.70.

Cabral Gold Company Profile

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.