Galantas Gold (CVE:GAL) Shares Down 9.8% – What’s Next?

Galantas Gold Co. (CVE:GAL) shares were down 9.8% during mid-day trading on Friday . The stock traded as low as C$0.54 and last traded at C$0.55. Approximately 4,992,433 shares were traded during trading, an increase of 23% from the average daily volume of 4,057,833 shares. The stock had previously closed at C$0.61.

Galantas Gold Stock Down 9.8%

The firm has a market cap of C$252.38 million, a P/E ratio of -7.86 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.08 and a debt-to-equity ratio of 76.55. The firm has a fifty day moving average of C$0.25 and a 200-day moving average of C$0.18.

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.