Galantas Gold (CVE:GAL) Reaches New 1-Year Low – What’s Next?

Galantas Gold Co. (CVE:GALGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.05, with a volume of 2060 shares traded. The stock had previously closed at C$0.06.

Galantas Gold Stock Down 9.1 %

The firm’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.11. The company has a current ratio of 0.14, a quick ratio of 0.65 and a debt-to-equity ratio of 189.08. The stock has a market capitalization of C$5.74 million, a P/E ratio of -0.71 and a beta of 3.15.

Galantas Gold Company Profile

(Get Free Report)

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.

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