Galantas Gold (CVE:GAL) Trading 5.6% Higher – Here’s Why

Shares of Galantas Gold Co. (CVE:GAL) traded up 5.6% on Thursday . The stock traded as high as C$0.59 and last traded at C$0.57. Approximately 282,400 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 899,701 shares. The stock had previously closed at C$0.54.

Analyst Upgrades and Downgrades

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

Galantas Gold Price Performance

The company has a market capitalization of C$474.37 million, a price-to-earnings ratio of -9.50 and a beta of 1.23. The company has a fifty day simple moving average of C$0.49 and a two-hundred day simple moving average of C$0.41. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.65 and a current ratio of 5.82.

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.