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

Probe Gold Inc. (CVE:PRB) shares were down 1.8% on Monday . The company traded as low as C$1.64 and last traded at C$1.65. Approximately 21,950 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 52,782 shares. The stock had previously closed at C$1.68.

Wall Street Analyst Weigh In

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

Probe Gold Trading Down 1.8%

The company has a debt-to-equity ratio of 1.28, a quick ratio of 10.23 and a current ratio of 16.90. The stock has a market capitalization of C$228.67 million and a P/E ratio of -16.08. The stock has a 50-day moving average price of C$1.65 and a two-hundred day moving average price of C$1.65.

About Probe Gold

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.