Cabral Gold (CVE:CBR) Trading Up 6% – Should You Buy?

Shares of Cabral Gold Inc. (CVE:CBR) rose 6% on Tuesday . The company traded as high as C$1.06 and last traded at C$1.06. Approximately 103,788 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 399,835 shares. The stock had previously closed at C$1.00.

Cabral Gold Stock Performance

The firm has a market capitalization of C$323.74 million, a P/E ratio of -21.20 and a beta of 2.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36. The firm has a 50-day moving average price of C$0.97 and a two-hundred day moving average price of C$0.92.

Insider Transactions at Cabral Gold

In other news, Director Alan Carter sold 300,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$0.91, for a total transaction of C$273,000.00. Following the transaction, the director directly owned 13,137,408 shares in the company, valued at approximately C$11,955,041.28. This trade represents a 2.23% decrease in their ownership of the stock. 6.87% of the stock is currently owned by 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.