Cabral Gold (CVE:CBR) Shares Down 2.9% – Should You Sell?

Cabral Gold Inc. (CVE:CBR)’s stock price fell 2.9% during trading on Tuesday. The company traded as low as C$1.35 and last traded at C$1.36. Approximately 327,470 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 414,887 shares. The stock had previously closed at C$1.40.

Analyst Upgrades and Downgrades

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

Cabral Gold Trading Down 2.9%

The firm’s fifty day moving average is C$1.43 and its two-hundred day moving average is C$1.12. The firm has a market capitalization of C$471.97 million, a PE ratio of -27.20 and a beta of 2.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36.

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.