Probe Gold (CVE:PRB) Given New C$2.35 Price Target at CIBC

Probe Gold (CVE:PRB) had its target price trimmed by CIBC from C$3.35 to C$2.35 in a research report released on Monday,BayStreet.CA reports.

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

Probe Gold Price Performance

Shares of CVE PRB opened at C$1.65 on Monday. Probe Gold has a fifty-two week low of C$1.09 and a fifty-two week high of C$2.33. The company has a market cap of C$249.83 million and a PE ratio of -11.15. 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 business has a 50-day simple moving average of C$1.65 and a two-hundred day simple moving average of C$1.65.

Insider Activity at Probe Gold

In related news, Director Shannon Leigh Mccrae acquired 19,400 shares of Probe Gold stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of C$1.75 per share, for a total transaction of C$33,950.00.

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.