Galantas Gold (CVE:GAL) Trading Up 4.5% – Should You Buy?

Galantas Gold Co. (CVE:GALGet Free Report)’s stock price was up 4.5% on Thursday . The stock traded as high as C$0.47 and last traded at C$0.47. Approximately 1,978,995 shares traded hands during trading, a decline of 2% from the average daily volume of 2,021,412 shares. The stock had previously closed at C$0.45.

Galantas Gold Price Performance

The company has a market cap of C$287.46 million, a price-to-earnings ratio of -7.43 and a beta of 1.23. The company has a fifty day moving average price of C$0.34 and a two-hundred day moving average price of C$0.23. The company has a current ratio of 0.08, a quick ratio of 0.65 and a debt-to-equity ratio of 76.55.

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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