Galantas Gold (CVE:GAL) Trading Up 5.6% – Should You Buy?

Galantas Gold Co. (CVE:GAL)’s share price rose 5.6% on Thursday . The stock traded as high as C$0.59 and last traded at C$0.57. 282,400 shares traded 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 Galantas Gold to a “moderate buy” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Galantas Gold Stock Performance

The company has a quick ratio of 0.65, a current ratio of 5.82 and a debt-to-equity ratio of 4.09. The stock has a market capitalization of C$466.05 million, a P/E ratio of -9.33 and a beta of 1.23. The business has a fifty day moving average price of C$0.50 and a 200-day moving average price of C$0.41.

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.