Galantas Gold (CVE:GAL) Shares Up 4.3% – Time to Buy?

Galantas Gold Co. (CVE:GALGet Free Report) shares were up 4.3% on Thursday . The company traded as high as C$0.49 and last traded at C$0.49. Approximately 672,764 shares were traded during trading, a decline of 59% from the average daily volume of 1,648,361 shares. The stock had previously closed at C$0.47.

Galantas Gold Stock Performance

The company has a market capitalization of C$270.88 million, a PE ratio of -7.00 and a beta of 0.83. 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 firm’s 50-day simple moving average is C$0.40 and its 200-day simple moving average is C$0.26.

About Galantas Gold

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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.

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