Galantas Gold (CVE:GAL) Stock Price Up 12.8% – What’s Next?

Galantas Gold Co. (CVE:GAL) shares shot up 12.8% during mid-day trading on Thursday. The stock traded as high as C$0.48 and last traded at C$0.48. 471,200 shares traded hands during trading, a decline of 44% from the average session volume of 847,875 shares. The stock had previously closed at C$0.43.

Wall Street Analyst Weigh In

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

Galantas Gold Stock Up 12.8%

The firm’s 50 day simple moving average is C$0.53 and its 200-day simple moving average is C$0.43. The company has a market cap of C$406.42 million, a price-to-earnings ratio of -8.08 and a beta of 1.14. The company has a debt-to-equity ratio of 4.09, a current ratio of 5.82 and a quick ratio of 0.65.

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.