Galantas Gold (CVE:GAL) Trading Down 2.4% – Here’s What Happened

Galantas Gold Co. (CVE:GAL)’s share price fell 2.4% during mid-day trading on Friday . The company traded as low as C$0.40 and last traded at C$0.40. Approximately 1,008,077 shares were traded during trading, a decline of 25% from the average session volume of 1,346,119 shares. The stock had previously closed at C$0.41.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded 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, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Galantas Gold Price Performance

The company has a debt-to-equity ratio of 11.03, a current ratio of 1.74 and a quick ratio of 0.65. The firm has a market cap of C$221.12 million, a price-to-earnings ratio of -5.71 and a beta of 1.20. The stock’s fifty day moving average price is C$0.47 and its 200-day moving average price is C$0.30.

About Galantas Gold

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.