Galantas Gold (CVE:GAL) Stock Price Up 135.3% – Still a Buy?

Galantas Gold Co. (CVE:GAL) shares rose 135.3% during mid-day trading on Tuesday . The stock traded as high as C$0.60 and last traded at C$0.40. Approximately 3,750,651 shares changed hands during trading, an increase of 376% from the average daily volume of 787,395 shares. The stock had previously closed at C$0.17.

Galantas Gold Price Performance

The stock has a 50 day moving average of C$0.23 and a two-hundred day moving average of C$0.17. The company has a debt-to-equity ratio of 76.55, a quick ratio of 0.65 and a current ratio of 0.08. The firm has a market capitalization of C$183.55 million, a P/E ratio of -5.71 and a beta of 1.23.

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.