Probe Gold (TSE:PRB) Shares Up 0.3% – Here’s What Happened

Probe Gold Inc. (TSE:PRB) shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as C$3.67 and last traded at C$3.66. 555,099 shares traded hands during trading, an increase of 71% from the average session volume of 324,020 shares. The stock had previously closed at C$3.65.

Analyst Ratings Changes

Several equities research analysts have weighed in on PRB shares. Canaccord Genuity Group downgraded shares of Probe Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 3rd. BMO Capital Markets downgraded Probe Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Probe Gold currently has an average rating of “Moderate Buy”.

Probe Gold Price Performance

The stock has a market cap of C$746.64 million, a price-to-earnings ratio of -30.50 and a beta of 1.15. The company’s fifty day simple moving average is C$3.51 and its two-hundred day simple moving average is C$2.88.

Probe Gold (TSE:PRB) last issued its quarterly earnings data on Friday, November 14th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Probe Gold Company Profile

Probe Gold Inc is a leading Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company is well-funded and dedicated to exploring and developing high-quality gold projects. Notably, it owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Québec, as well as an early-stage Detour Gold Quebec project. Probe controls a large land package of approximately 1,798-square-kilometres of exploration ground within some of the most prolific gold belts in Québec.