Central African Gold Inc. (BANC.V) (CVE:BANC) Shares Up 8.5% – Should You Buy?

Shares of Central African Gold Inc. (BANC.V) (CVE:BANC – Get Free Report) traded up 8.5% during mid-day trading on Tuesday. The company traded as high as C$0.32 and last traded at C$0.32. 80,972 shares changed hands during mid-day trading, an increase of 230% from the average daily volume of 24,545 shares. The stock had previously closed at C$0.29.

Central African Gold Inc. (BANC.V) Stock Up 8.5%

The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 14.17. The company has a market cap of C$11.23 million and a P/E ratio of -0.91. The company has a fifty day moving average of C$0.32 and a 200 day moving average of C$0.32.

About Central African Gold Inc. (BANC.V)

(Get Free Report)

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.

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