Cabral Gold (CVE:CBR) Stock Price Down 2.9% – Should You Sell?

Shares of Cabral Gold Inc. (CVE:CBR) traded down 2.9% during mid-day trading on Tuesday. The company traded as low as C$1.35 and last traded at C$1.36. Approximately 327,470 shares traded hands during trading, a decline of 21% from the average daily volume of 414,887 shares. The stock had previously closed at C$1.40.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$1.70 price objective on Cabral Gold and gave the stock a “buy” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$1.70.

Cabral Gold Trading Up 2.3%

The stock has a 50-day moving average price of C$1.44 and a two-hundred day moving average price of C$1.13. The stock has a market capitalization of C$468.50 million, a PE ratio of -27.00 and a beta of 2.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82.

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.