Cabral Gold (CVE:CBR) Reaches New 52-Week High – Here’s Why

Cabral Gold Inc. (CVE:CBR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1.61 and last traded at C$1.61, with a volume of 67694 shares traded. The stock had previously closed at C$1.56.

Wall Street Analysts Forecast Growth

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 MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$1.70.

Cabral Gold Stock Performance

The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The company has a market capitalization of C$569.14 million, a PE ratio of -32.80 and a beta of 2.82. The stock’s fifty day simple moving average is C$1.28 and its 200-day simple moving average is C$1.07.

Insiders Place Their Bets

In related news, Director Alan Carter sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$0.91, for a total transaction of C$273,000.00. Following the transaction, the director owned 13,137,408 shares of the company’s stock, valued at approximately C$11,955,041.28. This represents a 2.23% decrease in their ownership of the stock. 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.