Cabral Gold (CVE:CBR) Hits New 1-Year High – Here’s Why

Cabral Gold Inc. (CVE:CBR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.80 and last traded at C$0.79, with a volume of 189772 shares traded. The stock had previously closed at C$0.75.

Cabral Gold Trading Up 5.3%

The business has a 50-day moving average of C$0.62 and a 200-day moving average of C$0.48. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The stock has a market cap of C$217.58 million, a price-to-earnings ratio of -15.80 and a beta of 2.64.

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.