Cabral Gold (CVE:CBR) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Cabral Gold Inc. (CVE:CBR) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$1.40 and traded as high as C$1.48. Cabral Gold shares last traded at C$1.48, with a volume of 365,688 shares.

Wall Street Analysts Forecast Growth

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

Cabral Gold Stock Up 8.8%

The stock has a market cap of C$513.61 million, a PE ratio of -29.60 and a beta of 2.36. 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 company’s 50-day moving average price is C$1.40 and its 200 day moving average price is C$1.08.

Insider Transactions at Cabral Gold

In related news, Director Ian Gendall sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of C$1.33, for a total transaction of C$49,875.00. Following the completion of the sale, the director directly owned 87,500 shares in the company, valued at approximately C$116,375. The trade was a 30.00% decrease in their ownership of the stock. Company insiders own 6.87% of the company’s stock.

About Cabral Gold

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.