Cabral Gold (CVE:CBR) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Cabral Gold Inc. (CVE:CBR) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$1.40 and traded as high as C$1.48. Cabral Gold shares last traded at C$1.48, with a volume of 365,688 shares trading hands.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$1.70 price target on 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 MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$1.70.

Cabral Gold Stock Up 8.8%

The company has a current ratio of 4.82, a quick ratio of 0.36 and a debt-to-equity ratio of 0.18. The firm has a market cap of C$513.61 million, a P/E ratio of -29.60 and a beta of 2.36. The company’s 50 day simple moving average is C$1.40 and its 200-day simple moving average is C$1.08.

Insider Activity at Cabral Gold

In other news, Director Ian Gendall sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of C$1.33, for a total transaction of C$49,875.00. Following the completion of the transaction, the director directly owned 87,500 shares of the company’s stock, valued at C$116,375. The trade was a 30.00% decrease in their ownership of the stock. 6.87% of the stock is owned by corporate insiders.

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.