Insider Selling: Galantas Gold (CVE:GAL) Director Sells C$354,730.00 in Stock

Galantas Gold Co. (CVE:GAL) Director Lawrence Roulston sold 933,500 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of C$0.38, for a total value of C$354,730.00. Following the completion of the transaction, the director directly owned 37,200,045 shares in the company, valued at approximately C$14,136,017.10. The trade was a 2.45% decrease in their ownership of the stock.

Galantas Gold Stock Up 5.4%

Shares of GAL stock traded up C$0.02 during mid-day trading on Friday, reaching C$0.39. 585,156 shares of the company were exchanged, compared to its average volume of 804,860. Galantas Gold Co. has a fifty-two week low of C$0.06 and a fifty-two week high of C$0.71. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.65 and a current ratio of 5.82. The company has a market capitalization of C$326.81 million, a P/E ratio of -6.50 and a beta of 0.77. The business’s 50 day simple moving average is C$0.49 and its 200 day simple moving average is C$0.39.

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.