Galantas Gold (CVE:GAL) Trading Up 4.5% – Still a Buy?

Galantas Gold Co. (CVE:GAL)’s share price shot up 4.5% during trading on Thursday . The company traded as high as C$0.47 and last traded at C$0.47. 1,978,995 shares were traded during trading, a decline of 2% from the average session volume of 2,021,412 shares. The stock had previously closed at C$0.45.

Galantas Gold Trading Up 21.3%

The company has a debt-to-equity ratio of 76.55, a current ratio of 0.08 and a quick ratio of 0.65. The business has a 50 day moving average of C$0.32 and a 200 day moving average of C$0.22. The firm has a market capitalization of C$247.79 million, a price-to-earnings ratio of -7.71 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.