Galantas Gold (CVE:GAL) Trading Down 11.2% – Should You Sell?

Shares of Galantas Gold Co. (CVE:GAL) were down 11.2% during mid-day trading on Wednesday . The company traded as low as C$0.44 and last traded at C$0.44. Approximately 799,799 shares changed hands during trading, a decline of 62% from the average daily volume of 2,079,591 shares. The stock had previously closed at C$0.49.

Galantas Gold Price Performance

The stock has a 50-day moving average price of C$0.32 and a two-hundred day moving average price of C$0.22. The company has a current ratio of 0.08, a quick ratio of 0.65 and a debt-to-equity ratio of 76.55. The stock has a market cap of C$201.90 million, a price-to-earnings ratio of -6.29 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.