Galantas Gold (CVE:GAL) Trading Up 2% – Still a Buy?

Shares of Galantas Gold Co. (CVE:GAL) rose 2% during trading on Friday . The stock traded as high as C$0.54 and last traded at C$0.52. Approximately 188,029 shares traded hands during trading, a decline of 81% from the average session volume of 974,176 shares. The stock had previously closed at C$0.51.

Analyst Ratings Changes

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

Galantas Gold Stock Up 2.0%

The company’s 50-day moving average price is C$0.43 and its 200 day moving average price is C$0.35. 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 market cap of C$431.41 million, a PE ratio of -7.43 and a beta of 1.13.

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.