Galantas Gold (CVE:GAL) Trading Up 35.3% – Here’s Why

Galantas Gold Co. (CVE:GAL) was up 35.3% during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.23. Approximately 1,510,815 shares were traded during trading, an increase of 92% from the average daily volume of 787,395 shares. The stock had previously closed at C$0.17.

Galantas Gold Trading Up 35.3%

The company has a quick ratio of 0.65, a current ratio of 0.08 and a debt-to-equity ratio of 76.55. The firm has a market capitalization of C$30.45 million, a PE ratio of -5.75 and a beta of 1.37. The stock’s fifty day simple moving average is C$0.23 and its 200 day simple moving average is C$0.15.

Galantas Gold Company Profile

Galantas Gold Corporation engages in the acquisition, exploration, and development of gold properties primarily in Omagh, Northern Ireland. It primarily explores for gold, silver, and lead deposits. The company owns and operates a producing open-pit gold mine near Omagh, which covers an area of 189 square kilometers; and the Gairloch project that covering an area of 217 square kilometers located in the Gairloch Schist Belt. The company was formerly known as European Gold Resources Inc and changed its name to Galantas Gold Corporation in May 2004.