Cabral Gold (CVE:CBR) Stock Price Up 6% – Still a Buy?

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

Cabral Gold Stock Performance

The stock has a fifty day simple moving average of C$0.98 and a 200-day simple moving average of C$0.92. The stock has a market cap of C$339.01 million, a P/E ratio of -22.20 and a beta of 2.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82.

Insider Buying and Selling at Cabral Gold

In related news, Director Alan Carter sold 300,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$0.91, for a total transaction of C$273,000.00. Following the completion of 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 owned by corporate 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.