Central African Gold Inc. (BANC.V) (CVE:BANC) Shares Up 8.5% – Should You Buy?

Central African Gold Inc. (BANC.V) (CVE:BANC) shot up 8.5% during mid-day trading on Tuesday. The stock traded as high as C$0.32 and last traded at C$0.32. 80,972 shares traded hands during trading, an increase of 230% from the average session volume of 24,545 shares. The stock had previously closed at C$0.29.

Central African Gold Inc. (BANC.V) Trading Up 8.5%

The firm has a market capitalization of C$11.23 million and a PE ratio of -0.91. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 14.17. The stock’s fifty day simple moving average is C$0.32 and its 200 day simple moving average is C$0.32.

About Central African Gold Inc. (BANC.V)

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia. The company explores for nickel, gold, platinum, and palladium deposits. It holds 100% interest in six concessions located in Namibia. The company is based in Vancouver, Canada.