Galantas Gold (CVE:GAL) Shares Down 2.4% – Time to Sell?

Galantas Gold Co. (CVE:GAL)’s share price was down 2.4% during mid-day trading on Friday . The stock traded as low as C$0.38 and last traded at C$0.40. 328,479 shares changed hands during trading, a decline of 70% from the average session volume of 1,105,483 shares. The stock had previously closed at C$0.41.

Wall Street Analysts Forecast Growth

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

Galantas Gold Trading Down 2.4%

The stock has a market cap of C$331.85 million, a PE ratio of -5.71 and a beta of 1.20. The company has a debt-to-equity ratio of 11.03, a quick ratio of 0.65 and a current ratio of 1.74. The stock has a fifty day moving average price of C$0.44 and a 200 day moving average price of C$0.33.

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.