Cabral Gold (CVE:CBR) Shares Down 3% - Here's What Happened

Shares of Cabral Gold Inc. (CVE:CBR - Get Free Report) were down 3% during mid-day trading on Monday . The stock traded as low as C$0.28 and last traded at C$0.32. Approximately 491,804 shares were traded during mid-day trading, an increase of 127% from the average daily volume of 216,916 shares. The stock had previously closed at C$0.33.

Cabral Gold Trading Down 1.5%

The firm has a market cap of C$65.29 million, a price-to-earnings ratio of 28.50 and a beta of 2.52. The company has a fifty day moving average price of C$0.39 and a 200-day moving average price of C$0.33. The company has a current ratio of 4.82, a quick ratio of 0.36 and a debt-to-equity ratio of 0.18.

Insider Activity

In other news, Director Alan Carter sold 572,000 shares of the business's stock in a transaction dated 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 currently owned by company insiders.

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.