Cabral Gold (CVE:CBR) Stock Price Down 1.3% - Should You Sell?

Key Points

• Cabral Gold Inc. saw a stock price decline of 1.3%, trading at C$0.38 with a significant drop in volume to 56,296 shares, down 73% from its average.
• Insider Alan Carter sold 572,000 shares at an average price of C$0.36, indicating potential concerns regarding the company's prospects.
• The company holds a strong market capitalization of C$76.51 million and notable P/E ratio of 28.50, but it operates in a highly speculative mining sector.

Cabral Gold Inc. (CVE:CBR - )'s stock price dropped 1.3% on Tuesday . The company traded as low as C$0.38 and last traded at C$0.38. Approximately 56,296 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 211,068 shares. The stock had previously closed at C$0.38.

Cabral Gold Stock Down 1.3%

The stock has a 50-day moving average of C$0.38 and a two-hundred day moving average of C$0.35. The company has a market cap of C$76.51 million, a P/E ratio of 28.50 and a beta of 2.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82.

Insiders Place Their Bets

In related news, Director Alan Carter sold 572,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$0.36, for a total value of C$205,920.00. 6.87% of the stock is owned by insiders.

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.

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