Probe Gold (TSE:PRB) Stock Price Up 0.3% – Still a Buy?

Shares of Probe Gold Inc. (TSE:PRB) rose 0.3% during trading on Wednesday . The company traded as high as C$3.65 and last traded at C$3.63. Approximately 737,542 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 306,165 shares. The stock had previously closed at C$3.62.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets downgraded shares of Probe Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. 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. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Probe Gold Price Performance

The company’s 50-day moving average price is C$3.24 and its two-hundred day moving average price is C$2.71. The company has a market capitalization of C$740.52 million, a P/E ratio of -30.25 and a beta of 1.15.

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

Probe Gold Company Profile

Probe Metals Inc is a metal exploration company. The company is engaged in the acquisition, exploration, and development of gold properties in Quebec. Its projects include Val-d’Or East, Detour Quebec, Casa-Cameron, and others.