Central African Gold Inc. (BANC.V) (CVE:BANC) Stock Jumps 8.5% – Time to Buy?

Central African Gold Inc. (BANC.V) (CVE:BANC)’s share price was up 8.5% on Tuesday. The stock traded as high as C$0.32 and last traded at C$0.32. 80,972 shares were traded during mid-day 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) Price Performance

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