Probe Gold (CVE:PRB) Trading Down 1.8% – Time to Sell?

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PRB. National Bankshares set a C$3.65 target price on shares of Probe Gold and gave the company a “tender” rating in a research report on Monday, November 3rd. BMO Capital Markets lowered Probe Gold from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$5.50 to C$3.65 in a research note on Monday, November 3rd. Finally, CIBC upped their target price on Probe Gold from C$3.50 to C$4.50 in a research note on Friday, October 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Probe Gold has a consensus rating of “Hold” and a consensus target price of C$3.93.

Probe Gold Trading Down 1.8%

The company has a market cap of C$228.67 million and a price-to-earnings ratio of -16.08. The company has a quick ratio of 10.23, a current ratio of 16.90 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average is C$1.65 and its 200 day moving average is C$1.65.

Probe Gold Company Profile

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.