Key Points
- Director Ian Gendall sold 37,500 Cabral Gold shares at an average price of C$1.33, for total proceeds of C$49,875. Following the sale, his direct ownership fell 30% to 87,500 shares.
- Cabral Gold shares opened at C$1.15, with a market capitalization of approximately C$399.1 million and a 52-week trading range of C$0.50 to C$1.68.
- Analyst coverage remains positive: Stifel Nicolaus assigned a “Buy” rating and a C$1.70 target price, matching the stock’s current consensus rating and target.
Cabral Gold Inc. (CVE:CBR - Get Free Report) Director Ian Gendall sold 37,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of C$1.33, for a total value of C$49,875.00. Following 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.
Cabral Gold Stock Performance
CVE CBR opened at C$1.15 on Friday. The stock has a 50-day simple moving average of C$1.45 and a two-hundred day simple moving average of C$1.14. The firm has a market capitalization of C$399.09 million, a P/E ratio of -23.00 and a beta of 2.50. Cabral Gold Inc. has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82.
Analyst Ratings Changes
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 equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Cabral Gold currently has an average rating of "Buy" and a consensus target price of C$1.70.
View Our Latest Stock Analysis on Cabral Gold
About Cabral Gold
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
