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

Probe Gold Inc. (CVE:PRB)’s share price dropped 1.8% on Thursday . The stock traded as low as C$1.64 and last traded at C$1.65. Approximately 21,950 shares traded hands during trading, a decline of 58% from the average daily volume of 52,782 shares. The stock had previously closed at C$1.68.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price objective on shares of Probe Gold from C$3.00 to C$3.50 in a research note on Thursday, September 12th.

Probe Gold Stock Down 1.8 %

The company has a market capitalization of C$249.83 million and a price-to-earnings ratio of -11.15. The firm’s 50 day moving average price is C$1.65 and its two-hundred day moving average price is C$1.65. The company has a current ratio of 10.26, a quick ratio of 10.23 and a debt-to-equity ratio of 0.93.

Insider Activity at Probe Gold

In related news, Director Shannon Leigh Mccrae purchased 19,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were 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.