Galantas Gold (CVE:GAL) Sets New 52-Week High – Here’s Why

Galantas Gold Co. (CVE:GAL) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.66 and last traded at C$0.66, with a volume of 912639 shares traded. The stock had previously closed at C$0.60.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Galantas Gold to a “moderate buy” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Galantas Gold Trading Up 10.0%

The firm has a market cap of C$547.55 million, a P/E ratio of -9.43 and a beta of 1.13. The stock has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.36. The company has a current ratio of 1.74, a quick ratio of 0.65 and a debt-to-equity ratio of 11.03.

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.