Probe Gold (CVE:PRB) Trading Down 1.8% – What’s Next?

by · The Cerbat Gem

Probe Gold Inc. (CVE:PRB – Get Free Report)’s share price fell 1.8% during mid-day trading on Monday . The company traded as low as C$1.64 and last traded at C$1.65. 21,950 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 52,782 shares. The stock had previously closed at C$1.68.

Wall Street Analysts Forecast Growth

PRB has been the subject of a number of research reports. CIBC lifted their price target on shares of Probe Gold from C$3.50 to C$4.50 in a research report on Friday, October 10th. National Bankshares set a C$3.65 price objective on Probe Gold and gave the stock a “tender” rating in a report on Monday, November 3rd. Finally, BMO Capital Markets downgraded Probe Gold from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$5.50 to C$3.65 in a research report on Monday, November 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$3.93.

Read Our Latest Research Report on Probe Gold

Probe Gold Trading Down 1.8%

The business has a 50-day moving average of C$1.65 and a 200 day moving average of C$1.65. The stock has a market cap of C$228.67 million and a PE ratio of -16.08. The company has a debt-to-equity ratio of 1.28, a quick ratio of 10.23 and a current ratio of 16.90.

About Probe Gold

(Get Free Report)

Probe Metals Inc engages in the acquisition, exploration, and development of gold properties in Canada. The company's principal project is the Val-d'Or East project comprising 1,000 claims covering an area of 436 square kilometers located in the city of Val-d'Or, Quebec. It also holds interest in the Detour Quebec project, which includes approximately 1,434 claims covering ab area of 777 square kilometers located in north of Rouyn-Noranda, Quebec; and 100 % interest in Casa-Cameron project comprising 3 properties covering an area of approximately 169 square kilometers.

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