Cabral Gold (CVE:CBR) Trading 3.9% Higher – Here’s What Happened

Shares of Cabral Gold Inc. (CVE:CBRGet Free Report) shot up 3.9% during trading on Monday . The company traded as high as C$0.81 and last traded at C$0.80. 288,695 shares traded hands during trading, an increase of 1% from the average session volume of 287,007 shares. The stock had previously closed at C$0.77.

Cabral Gold Price Performance

The company has a 50 day moving average price of C$0.74 and a 200-day moving average price of C$0.60. The company has a market cap of C$222.15 million, a price-to-earnings ratio of -16.00 and a beta of 3.32. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18.

About Cabral Gold

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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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