Cabral Gold (CVE:CBR) Reaches New 52-Week High – What’s Next?

Cabral Gold Inc. (CVE:CBR) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$1.34 and last traded at C$1.29, with a volume of 329810 shares traded. The stock had previously closed at C$1.26.

Cabral Gold Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36. The firm has a market capitalization of C$393.99 million, a price-to-earnings ratio of -25.80 and a beta of 2.69. The stock has a 50 day moving average price of C$1.01 and a two-hundred day moving average price of C$0.93.

Insider Buying and Selling

In other Cabral Gold news, Director Alan Carter sold 300,000 shares of Cabral Gold stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$0.91, for a total value of C$273,000.00. Following the completion of the transaction, the director directly owned 13,137,408 shares of the company’s stock, valued at C$11,955,041.28. The trade was a 2.23% decrease in their position. 6.87% of the stock is owned by company insiders.

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.