Galantas Gold (CVE:GAL) Shares Up 5.6% – Still a Buy?

Galantas Gold Co. (CVE:GALGet Free Report) was up 5.6% during trading on Thursday . The company traded as high as C$0.59 and last traded at C$0.57. 282,400 shares were traded during trading, a decline of 69% from the average daily volume of 899,701 shares. The stock had previously closed at C$0.54.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of Galantas Gold to a “moderate buy” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Galantas Gold presently has an average rating of “Buy”.

Read Our Latest Analysis on Galantas Gold

Galantas Gold Trading Up 5.6%

The stock has a market capitalization of C$474.37 million, a price-to-earnings ratio of -9.50 and a beta of 1.23. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.65 and a current ratio of 5.82. The firm has a fifty day moving average of C$0.49 and a 200-day moving average of C$0.41.

Galantas Gold Company Profile

(Get Free Report)

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.

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