Cabral Gold (CVE:CBR) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Cabral Gold Inc. (CVE:CBR)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$1.40 and traded as high as C$1.48. Cabral Gold shares last traded at C$1.48, with a volume of 365,688 shares trading hands.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$1.70 target price on Cabral Gold and gave the stock a “buy” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Cabral Gold presently has a consensus rating of “Buy” and an average target price of C$1.70.

Cabral Gold Stock Up 3.1%

The firm has a 50 day simple moving average of C$1.40 and a two-hundred day simple moving average of C$1.09. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of C$454.61 million, a P/E ratio of -26.20 and a beta of 2.36.

Insiders Place Their Bets

In other news, Director Ian Gendall sold 37,500 shares of Cabral Gold stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of C$1.33, for a total transaction of C$49,875.00. Following the transaction, the director owned 87,500 shares in the company, valued at approximately C$116,375. The trade was a 30.00% decrease in their ownership of the stock. 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.