Galantas Gold (CVE:GAL) Trading Down 2.4% – Should You Sell?

Galantas Gold Co. (CVE:GAL) shares were down 2.4% during mid-day trading on Friday . The company traded as low as C$0.40 and last traded at C$0.40. 1,008,077 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 1,346,119 shares. The stock had previously closed at C$0.41.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded shares of Galantas Gold to a “moderate buy” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Galantas Gold presently has a consensus rating of “Buy”.

Galantas Gold Stock Performance

The company has a current ratio of 1.74, a quick ratio of 0.65 and a debt-to-equity ratio of 11.03. The company’s 50-day moving average price is C$0.47 and its two-hundred day moving average price is C$0.30. The company has a market cap of C$221.12 million, a P/E ratio of -5.71 and a beta of 1.20.

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.