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

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

Analyst Upgrades and Downgrades

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

Cabral Gold Price Performance

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 business’s 50 day moving average price is C$1.20 and its two-hundred day moving average price is C$1.03. The stock has a market cap of C$537.90 million, a P/E ratio of -31.00 and a beta of 2.82.

Insider Buying and Selling

In other Cabral Gold news, Director Alan Carter sold 180,000 shares of Cabral Gold stock in a transaction that occurred on Monday, July 6th. The stock was 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. The trade was a 1.35% decrease in their position. 6.87% of the stock is owned by company insiders.

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.