Galantas Gold (CVE:GAL) Stock Price Down 6.6%

Galantas Gold Co. (CVE:GAL)’s share price fell 6.6% during mid-day trading on Friday . The company traded as low as C$0.57 and last traded at C$0.57. 4,587 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 36,325 shares. The stock had previously closed at C$0.61.

The company has a market cap of C$42.57 million and a PE ratio of -5.48. The stock’s 50 day moving average price is C$0.44 and its 200-day moving average price is C$0.52. The company has a debt-to-equity ratio of 24.09, a quick ratio of 1.77 and a current ratio of 1.98.

Galantas Gold (CVE:GAL) last announced its quarterly earnings results on Monday, November 29th. The company reported C($0.02) earnings per share for the quarter. On average, analysts anticipate that Galantas Gold Co. will post -0.62 EPS for the current year.

Galantas Gold Company Profile (CVE:GAL)

Galantas Gold Corporation acquires, explores for, and develops gold properties primarily in Omagh, Northern Ireland. The company owns and operates a producing open pit gold mine near Omagh. It also produces silver and lead. The company was formerly known as European Gold Resources Inc and changed its name to Galantas Gold Corporation in May 2004.

Further Reading: Are sell-side analysts objective?

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