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

Galantas Gold Co. (CVE:GAL)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 25000 shares changing hands. The stock had previously closed at C$0.05.

Galantas Gold Stock Performance

The stock’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.10. The firm has a market capitalization of C$5.16 million, a P/E ratio of -0.64 and a beta of 3.15. The company has a debt-to-equity ratio of 189.08, a current ratio of 0.14 and a quick ratio of 0.65.

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.