Galantas Gold (CVE:GAL) Trading 35.3% Higher – Should You Buy?

Shares of Galantas Gold Co. (CVE:GAL) traded up 35.3% during mid-day trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.23. 1,510,815 shares were traded during trading, an increase of 92% from the average session volume of 787,395 shares. The stock had previously closed at C$0.17.

Galantas Gold Stock Up 35.3%

The company has a market cap of C$30.45 million, a P/E ratio of -5.75 and a beta of 1.37. The stock’s 50-day moving average price is C$0.23 and its 200-day moving average price is C$0.17. The company has a current ratio of 0.08, a quick ratio of 0.65 and a debt-to-equity ratio of 76.55.

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.