Galantas Gold (CVE:GAL) Shares Down 11.2% – Here’s Why

Galantas Gold Co. (CVE:GAL)’s stock price fell 11.2% during trading on Wednesday . The company traded as low as C$0.44 and last traded at C$0.44. 799,799 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 2,079,591 shares. The stock had previously closed at C$0.49.

Galantas Gold Price Performance

The firm has a 50-day simple moving average of C$0.32 and a 200-day simple moving average of C$0.22. The firm has a market cap of C$201.90 million, a P/E ratio of -6.29 and a beta of 1.23. The company has a current ratio of 0.08, a quick ratio of 0.65 and a debt-to-equity ratio of 76.55.

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.