Galantas Gold (CVE:GAL) Shares Climb 12.8% – What’s Next?

Galantas Gold Co. (CVE:GAL) was up 12.8% during trading on Thursday. The stock traded as high as C$0.48 and last traded at C$0.48. 471,200 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 847,875 shares. The stock had previously closed at C$0.43.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Galantas Gold to a “moderate buy” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Galantas Gold Stock Up 12.8%

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 firm has a market cap of C$406.42 million, a PE ratio of -8.08 and a beta of 1.14. The firm’s 50 day moving average is C$0.53 and its 200-day moving average is C$0.43.

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.