Central African Gold Inc. (BANC.V) (CVE:BANC) Trading 8.5% Higher – Still a Buy?

Central African Gold Inc. (BANC.V) (CVE:BANC)’s stock price traded up 8.5% during mid-day trading on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.32. 80,972 shares were traded during mid-day trading, an increase of 230% from the average session volume of 24,545 shares. The stock had previously closed at C$0.29.

Central African Gold Inc. (BANC.V) Price Performance

The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a fifty day simple moving average of C$0.32 and a 200 day simple moving average of C$0.32. The company has a market capitalization of C$11.23 million and a PE ratio of -0.91.

Central African Gold Inc. (BANC.V) Company Profile

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia. The company explores for nickel, gold, platinum, and palladium deposits. It holds 100% interest in six concessions located in Namibia. The company is based in Vancouver, Canada.