Probe Gold (CVE:PRB) Stock Price Down 1.8% – What’s Next?

Probe Gold Inc. (CVE:PRB)’s share price dropped 1.8% during mid-day trading on Tuesday . The company traded as low as C$1.64 and last traded at C$1.65. Approximately 21,950 shares were traded during trading, a decline of 58% from the average daily volume of 52,782 shares. The stock had previously closed at C$1.68.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. CIBC increased their price objective on shares of Probe Gold from C$3.50 to C$4.50 in a research note on Friday, October 10th. BMO Capital Markets downgraded shares of Probe Gold from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$5.50 to C$3.65 in a research report on Monday, November 3rd. Finally, National Bankshares set a C$3.65 price target on shares of Probe Gold and gave the stock a “tender” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$3.93.

Probe Gold Stock Performance

The company has a market cap of C$228.67 million and a PE ratio of -16.08. The company has a current ratio of 16.90, a quick ratio of 10.23 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is C$1.65 and its two-hundred day moving average is C$1.65.

About Probe Gold

Probe Metals Inc engages in the acquisition, exploration, and development of gold properties in Canada. The company's principal project is the Val-d'Or East project comprising 1,000 claims covering an area of 436 square kilometers located in the city of Val-d'Or, Quebec. It also holds interest in the Detour Quebec project, which includes approximately 1,434 claims covering ab area of 777 square kilometers located in north of Rouyn-Noranda, Quebec; and 100 % interest in Casa-Cameron project comprising 3 properties covering an area of approximately 169 square kilometers.