Probe Gold (CVE:PRB) Stock Price Down 1.8% – Here’s What Happened

Shares of Probe Gold Inc. (CVE:PRB) dropped 1.8% during mid-day trading on Monday . The company traded as low as C$1.64 and last traded at C$1.65. Approximately 21,950 shares traded hands during trading, a decline of 58% from the average daily volume of 52,782 shares. The stock had previously closed at C$1.68.

Analyst Ratings Changes

PRB has been the subject of several analyst reports. BMO Capital Markets lowered Probe Gold from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$5.50 to C$3.65 in a report on Monday, November 3rd. CIBC increased their price target on Probe Gold from C$3.50 to C$4.50 in a research note on Friday, October 10th. Finally, National Bankshares set a C$3.65 price target on Probe Gold and gave the stock a “tender” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Probe Gold presently has a consensus rating of “Hold” and a consensus target price of C$3.93.

Probe Gold Trading Down 1.8%

The company has a current ratio of 16.90, a quick ratio of 10.23 and a debt-to-equity ratio of 1.28. The stock has a 50-day simple moving average of C$1.65 and a 200 day simple moving average of C$1.65. The company has a market cap of C$228.67 million and a price-to-earnings ratio of -16.08.

About Probe Gold

Probe Metals Inc engages in the acquisition, exploration, and development of gold properties in Canada. The company's principal project is the Val-d'Or East project comprising 1,000 claims covering an area of 436 square kilometers located in the city of Val-d'Or, Quebec. It also holds interest in the Detour Quebec project, which includes approximately 1,434 claims covering ab area of 777 square kilometers located in north of Rouyn-Noranda, Quebec; and 100 % interest in Casa-Cameron project comprising 3 properties covering an area of approximately 169 square kilometers.