Insider Buying: Cabral Gold (CVE:CBR) Director Purchases 63,500 Shares of Stock

Key Points

• Lawrence Lepard, a director at Cabral Gold, purchased 63,500 shares at an average price of C$0.39, increasing his total ownership to 722,800 shares.
• Following the transaction, the director's stake in the company rose by 9.63%, valued at approximately C$278,278.
• Cabral Gold Inc. operates primarily in mineral exploration and development, focusing on gold properties in Brazil, particularly the Cuiú Cuiú gold project.

Cabral Gold Inc. (CVE:CBR - Get Free Report) Director Lawrence Lepard acquired 63,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of C$0.39 per share, with a total value of C$24,447.50. Following the acquisition, the director owned 722,800 shares of the company's stock, valued at approximately C$278,278. This represents a 9.63% increase in their ownership of the stock.

Cabral Gold Stock Performance

Shares of CVE CBR remained flat at C$0.42 during midday trading on Friday. The stock had a trading volume of 23,603 shares, compared to its average volume of 206,339. The company has a market capitalization of C$115.67 million, a P/E ratio of -8.40 and a beta of 2.02. Cabral Gold Inc. has a 52-week low of C$0.17 and a 52-week high of C$0.48. The company's 50 day moving average is C$0.40 and its 200 day moving average is C$0.38. The company has a current ratio of 4.82, a quick ratio of 0.36 and a debt-to-equity ratio of 0.18.

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.