Cabral Gold (CVE:CBR) Shares Down 10.8% – What’s Next?

Cabral Gold Inc. (CVE:CBR) shares dropped 10.8% during mid-day trading on Wednesday. The stock traded as low as C$1.30 and last traded at C$1.32. 211,205 shares were traded during mid-day trading, a decline of 48% from the average session volume of 408,853 shares. The stock had previously closed at C$1.48.

Wall Street Analyst Weigh In

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

Cabral Gold Trading Down 15.5%

The business’s 50 day simple moving average is C$1.40 and its two-hundred day simple moving average is C$1.08. The stock has a market cap of C$433.79 million, a P/E ratio of -25.00 and a beta of 2.36. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18.

Insiders Place Their Bets

In other Cabral Gold news, Director Ian Gendall sold 37,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of C$1.33, for a total value of C$49,875.00. Following the completion of the transaction, the director directly owned 87,500 shares in the company, valued at approximately C$116,375. This trade represents a 30.00% decrease in their ownership of the stock. 6.87% of the stock is owned by corporate insiders.

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.