Central African Gold Inc. (BANC.V) (CVE:BANC) Stock Price Up 8.5% – Here’s Why

Central African Gold Inc. (BANC.V) (CVE:BANC) shares rose 8.5% during trading on Monday . The company traded as high as C$0.32 and last traded at C$0.32. Approximately 80,972 shares were traded during trading, an increase of 230% from the average daily volume of 24,545 shares. The stock had previously closed at C$0.30.

Central African Gold Inc. (BANC.V) Stock Performance

The firm has a 50 day moving average price of C$0.32 and a two-hundred day moving average price of C$0.32. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.01 and a current ratio of 0.01. The company has a market capitalization of C$11.23 million and a P/E ratio of -0.91.

About Central African Gold Inc. (BANC.V)

Bankers Cobalt Corp., a natural resource company, engages in the acquisition, exploration, development, and operation of cobalt and copper mineral projects in the Democratic Republic of Congo and Namibia. The company explores for nickel, gold, platinum, and palladium deposits. It holds 100% interest in six concessions located in Namibia.