Galantas Gold (CVE:GAL) Reaches New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded Galantas Gold to a “moderate buy” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Galantas Gold currently has a consensus rating of “Buy”.

Galantas Gold Price Performance

The company has a market capitalization of C$547.55 million, a P/E ratio of -9.43 and a beta of 1.13. The firm has a fifty day moving average of C$0.44 and a 200 day 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.

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.