Cabral Gold (CVE:CBR) Sets New 52-Week High – Should You Buy?

Cabral Gold Inc. (CVE:CBR) reached a new 52-week high during trading on Monday . The company traded as high as C$0.86 and last traded at C$0.80, with a volume of 971519 shares traded. The stock had previously closed at C$0.72.

Cabral Gold Stock Up 11.1%

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36. The stock has a market capitalization of C$220.33 million, a P/E ratio of -16.00 and a beta of 3.07. The stock’s fifty day moving average is C$0.67 and its two-hundred day moving average is C$0.51.

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.