Galantas Gold (CVE:GAL) Hits New 1-Year Low – Here’s Why

Shares of Galantas Gold Co. (CVE:GAL) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 248800 shares trading hands. The stock had previously closed at C$0.06.

Galantas Gold Price Performance

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 business has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.11. 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

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.