Galane Gold (CVE:GG) Trading Down 17.6%

Shares of Galane Gold Ltd (CVE:GG) fell 17.6% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07, 577,850 shares were traded during mid-day trading. An increase of 229% from the average session volume of 175,621 shares. The stock had previously closed at C$0.09.

The business’s fifty day moving average is C$0.05. The company has a market cap of $12.05 million and a price-to-earnings ratio of -14.17. The company has a quick ratio of 0.22, a current ratio of 0.54 and a debt-to-equity ratio of 140.57.

Galane Gold (CVE:GG) last posted its quarterly earnings results on Wednesday, May 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$11.27 million during the quarter.

Galane Gold Company Profile (CVE:GG)

Galane Gold Ltd., through its subsidiaries, engages in the exploration for, development, and operation of gold mining properties. It holds interest in the Mupane Property, which is located in the Republic of Botswana; and the Galaxy Property that is located in the Republic of South Africa. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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