Galantas Gold (CVE:GAL) Hits New 1-Year High – What’s Next?

Galantas Gold Co. (CVE:GAL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.52 and last traded at C$0.53, with a volume of 1623644 shares. The stock had previously closed at C$0.49.

Galantas Gold Stock Up 25.8%

The firm has a market capitalization of C$279.91 million, a P/E ratio of -8.71 and a beta of 1.23. The company has a debt-to-equity ratio of 76.55, a quick ratio of 0.65 and a current ratio of 0.08. The business’s fifty day moving average price is C$0.24 and its two-hundred day moving average price is C$0.18.

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.