Cabral Gold (CVE:CBR) Hits New 1-Year High – Here’s Why

Shares of Cabral Gold Inc. (CVE:CBRGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.86 and last traded at C$0.80, with a volume of 971519 shares. The stock had previously closed at C$0.72.

Cabral Gold Trading Up 11.1%

The business’s fifty day simple moving average is C$0.67 and its two-hundred day simple moving average is C$0.51. 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 stock has a market capitalization of C$220.33 million, a P/E ratio of -16.00 and a beta of 3.07.

About Cabral Gold

(Get Free Report)

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.

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