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

Shares of Cabral Gold Inc. (CVE:CBR) hit a new 52-week high on Thursday . The company traded as high as C$1.46 and last traded at C$1.46, with a volume of 375871 shares changing hands. The stock had previously closed at C$1.35.

Analysts Set New Price Targets

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

Cabral Gold Stock Up 8.1%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82. The business’s 50-day moving average is C$1.09 and its 200-day moving average is C$0.98. The firm has a market cap of C$445.91 million, a price-to-earnings ratio of -29.20 and a beta of 2.69.

Insider Activity at Cabral Gold

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