Cabral Gold (CVE:CBR) Sets New 1-Year High – What’s Next?

Cabral Gold Inc. (CVE:CBR) shares reached a new 52-week high on Thursday . The stock traded as high as C$1.57 and last traded at C$1.54, with a volume of 480695 shares. The stock had previously closed at C$1.48.

Analyst Upgrades and Downgrades

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

Cabral Gold Price Performance

The stock has a market capitalization of C$537.90 million, a P/E ratio of -31.00 and a beta of 2.82. The company has a 50 day moving average of C$1.22 and a 200-day moving average of C$1.04. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling at Cabral Gold

In other Cabral Gold news, Director Alan Carter sold 180,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$1.01, for a total transaction of C$181,800.00. Following the sale, the director directly owned 13,137,408 shares of the company’s stock, valued at approximately C$13,268,782.08. This represents a 1.35% decrease in their ownership of the stock. Company insiders own 6.87% of the company’s stock.

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.