Central African Gold Inc. (BANC.V) (CVE:BANC) Trading 8.5% Higher – Here’s What Happened

Central African Gold Inc. (BANC.V) (CVE:BANC) shares shot up 8.5% during mid-day trading on Monday . The stock traded as high as C$0.32 and last traded at C$0.32. 80,972 shares were traded during trading, an increase of 230% from the average session 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 fifty day moving average of C$0.32 and a 200-day moving average of C$0.32. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 14.17. The firm has a market cap 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.