Galantas Gold (CVE:GAL) Reaches New 52-Week High – Here’s Why

Galantas Gold Co. (CVE:GAL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.13 and last traded at C$0.14, with a volume of 2637385 shares traded. The stock had previously closed at C$0.10.

Galantas Gold Trading Up 47.4%

The business has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.08. The company has a market capitalization of C$18.54 million, a P/E ratio of -3.50 and a beta of 1.24. The company has a current ratio of 0.11, a quick ratio of 0.65 and a debt-to-equity ratio of 63.38.

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.