Cabral Gold (CVE:CBR) Shares Down 10.5% – Time to Sell?

Cabral Gold Inc. (CVE:CBR)’s share price was down 10.5% during mid-day trading on Monday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 651,347 shares changed hands during trading, an increase of 370% from the average daily volume of 138,678 shares. The stock had previously closed at C$0.38.

Cabral Gold Price Performance

The stock has a market capitalization of C$65.29 million, a P/E ratio of 28.50 and a beta of 2.52. The business has a fifty day simple moving average of C$0.32 and a 200-day simple moving average of C$0.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82.

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.