Galantas Gold (CVE:GAL) Trading 2% Higher – Here’s What Happened

Shares of Galantas Gold Co. (CVE:GAL) rose 2% on Friday . The stock traded as high as C$0.54 and last traded at C$0.52. Approximately 188,029 shares changed hands during trading, a decline of 81% from the average daily volume of 974,176 shares. The stock had previously closed at C$0.51.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised shares of 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, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Galantas Gold Price Performance

The stock has a 50 day moving average of C$0.43 and a 200-day moving average of C$0.35. The company has a debt-to-equity ratio of 11.03, a quick ratio of 0.65 and a current ratio of 1.74. The company has a market cap of C$431.41 million, a PE ratio of -7.43 and a beta of 1.13.

About Galantas Gold

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.