Insider Selling: Cabral Gold (CVE:CBR) Director Sells 37,500 Shares of Company Stock

Cabral Gold Inc. (CVE:CBR) Director Ian Gendall sold 37,500 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of C$1.33, for a total value of C$49,875.00. Following the sale, the director 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.

Cabral Gold Price Performance

CBR traded down C$0.10 during trading on Thursday, reaching C$1.15. 456,460 shares of the company were exchanged, compared to its average volume of 412,187. Cabral Gold Inc. has a 12-month low of C$0.50 and a 12-month high of C$1.68. The company’s 50-day moving average is C$1.45 and its two-hundred day moving average is C$1.14. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The company has a market cap of C$399.09 million, a price-to-earnings ratio of -23.00 and a beta of 2.50.

Wall Street Analysts Forecast Growth

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

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.