Cabral Gold (CVE:CBR) Stock Price Down 10.8% – What’s Next?

Cabral Gold Inc. (CVE:CBR) shares traded down 10.8% on Wednesday. The company traded as low as C$1.30 and last traded at C$1.32. 211,205 shares changed hands during trading, a decline of 48% from the average daily volume of 408,853 shares. The stock had previously closed at C$1.48.

Wall Street Analysts Forecast Growth

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

Cabral Gold Trading Down 15.5%

The stock has a market cap of C$433.79 million, a P/E ratio of -25.00 and a beta of 2.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82. The firm’s fifty day simple moving average is C$1.40 and its 200-day simple moving average is C$1.08.

Insider Buying and Selling at Cabral Gold

In other news, Director Ian Gendall sold 37,500 shares of the 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 completion of the sale, the director directly owned 87,500 shares in the company, valued at C$116,375. This represents a 30.00% decrease in their ownership of the stock. 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.