Cabral Gold (CVE:CBR) Trading 2.2% Higher - What's Next?

Key Points

• Shares rose ~2.2% mid-day to C$0.94 (intraday high C$0.97) on heavy trading of 1,324,297 shares, a 163% increase versus average volume.
• The company has a market cap of C$283.3M, a negative PE of -18.8 and a beta of 2.88, with the 50-day/200-day SMAs at C$0.89/C$0.73, suggesting recent strength but elevated volatility.
• Cabral Gold is a Vancouver-based mineral exploration and development firm that holds 100% of the Cuiú Cuiú gold project in Pará, Brazil.

Shares of Cabral Gold Inc. (CVE:CBR - ) traded up 2.2% during mid-day trading on Tuesday . The company traded as high as C$0.97 and last traded at C$0.94. 1,324,297 shares changed hands during mid-day trading, an increase of 163% from the average session volume of 504,039 shares. The stock had previously closed at C$0.92.

Cabral Gold Trading Up 2.2%

The company has a current ratio of 4.82, a quick ratio of 0.36 and a debt-to-equity ratio of 0.18. The company has a market cap of C$283.33 million, a PE ratio of -18.80 and a beta of 2.88. The business's 50-day simple moving average is C$0.89 and its 200-day simple moving average is C$0.73.

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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