Probe Gold (CVE:PRB) Shares Down 1.8% – Here’s What Happened

Shares of Probe Gold Inc. (CVE:PRB) traded down 1.8% during trading on Thursday . The company traded as low as C$1.64 and last traded at C$1.65. 21,950 shares were traded 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.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their target price on shares of Probe Gold from C$3.00 to C$3.50 in a report on Thursday, September 12th.

Probe Gold Price Performance

The company has a debt-to-equity ratio of 0.93, a quick ratio of 10.23 and a current ratio of 10.26. The company has a fifty day moving average price of C$1.65 and a two-hundred day moving average price of C$1.65. The company has a market cap of C$249.83 million and a P/E ratio of -11.15.

Insider Activity at Probe Gold

In related news, Director Shannon Leigh Mccrae purchased 19,400 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of C$1.75 per share, with a total value of C$33,950.00.

Probe Gold Company Profile

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.