Cabral Gold (CVE:CBR) Hits New 12-Month High - Still a Buy?

Key Points

• Shares hit a new 52-week high, trading as high as C$1.10 (last C$1.09) on volume of 310,608 shares and rising about 4.3% in the session.
• Cabral Gold is a mineral exploration company focused on gold in Brazil and holds 100% of the Cuiú Cuiú gold project in Pará.
• The firm has a market cap of C$299.91M, a negative P/E (-21.60) and a high beta (3.38), signaling it is still loss-making but relatively volatile; its 50‑day (C$0.77) and 200‑day (C$0.63) moving averages sit well below the current price.

Shares of Cabral Gold Inc. (CVE:CBR - ) hit a new 52-week high during trading on Wednesday . The company traded as high as C$1.10 and last traded at C$1.09, with a volume of 310608 shares changing hands. The stock had previously closed at C$1.04.

Cabral Gold Stock Up 4.3%

The company's 50-day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.63. The firm has a market capitalization of C$299.91 million, a P/E ratio of -21.60 and a beta of 3.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.