Probe Gold (CVE:PRB) Shares Down 1.8% – Here’s Why

Probe Gold Inc. (CVE:PRB) shares dropped 1.8% on Monday . The stock traded as low as C$1.64 and last traded at C$1.65. Approximately 21,950 shares were traded 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, CIBC reduced their price objective on Probe Gold from C$3.35 to C$2.35 in a research note on Monday, December 2nd.

Probe Gold Stock Performance

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

Probe Gold Company Profile

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.