Galantas Gold (CVE:GAL) Sets New 52-Week High – Time to Buy?

Galantas Gold Co. (CVE:GALGet Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.66 and last traded at C$0.66, with a volume of 912639 shares traded. The stock had previously closed at C$0.60.

Analyst Ratings Changes

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

Get Our Latest Report on GAL

Galantas Gold Stock Up 6.1%

The firm has a market cap of C$580.74 million, a PE ratio of -10.00 and a beta of 1.13. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.74 and a quick ratio of 0.65. The business has a fifty day moving average price of C$0.45 and a two-hundred day moving average price of C$0.37.

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.

Further Reading

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