Central African Gold Inc. (BANC.V) (CVE:BANC) Trading Up 8.5% – Still a Buy?

Central African Gold Inc. (BANC.V) (CVE:BANC)’s share price rose 8.5% on Monday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 80,972 shares were traded during trading, an increase of 230% from the average daily volume of 24,545 shares. The stock had previously closed at C$0.30.

Central African Gold Inc. (BANC.V) Stock Up 8.5 %

The firm has a 50 day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.32. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.01 and a current ratio of 0.01. The stock has a market cap of C$11.23 million and a P/E ratio of -0.91.

About Central African Gold Inc. (BANC.V)

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia. The company explores for nickel, gold, platinum, and palladium deposits. It holds 100% interest in six concessions located in Namibia.