BMO Capital Markets Increases Probe Gold (CVE:PRB) Price Target to C$3.50

Probe Gold (CVE:PRB) had its target price boosted by research analysts at BMO Capital Markets from C$3.00 to C$3.50 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 112.12% from the stock’s previous close.

Probe Gold Stock Down 1.8 %

Probe Gold stock opened at C$1.65 on Thursday. The business’s 50-day simple moving average is C$1.65 and its two-hundred day simple moving average is C$1.65. 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 company has a market cap of C$249.83 million and a PE ratio of -11.15. Probe Gold has a fifty-two week low of C$1.09 and a fifty-two week high of C$2.33.

Insider Activity

In other Probe Gold news, Director Shannon Leigh Mccrae bought 19,400 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of C$1.75 per share, for a total transaction of C$33,950.00.

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.