Insider Selling: Cabral Gold (CVE:CBR) Director Sells C$49,875.00 in Stock

Cabral Gold Inc. (CVE:CBR) 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 completion of the transaction, the director directly owned 87,500 shares in the company, valued at C$116,375. The trade was a 30.00% decrease in their ownership of the stock.

Cabral Gold Price Performance

Shares of CVE:CBR opened at C$1.15 on Friday. Cabral Gold Inc. has a 1-year low of C$0.50 and a 1-year high of C$1.68. The stock has a market cap of C$399.09 million, a P/E ratio of -23.00 and a beta of 2.50. The firm has a fifty day moving average price of C$1.44 and a 200 day moving average price of C$1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 0.36.

Wall Street Analyst Weigh In

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

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.