Galantas Gold (CVE:GAL) Stock Price Up 23.2%

Galantas Gold Corp (CVE:GAL) shot up 23.2% during mid-day trading on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.35. 3,500 shares changed hands during trading, a decline of 72% from the average session volume of 12,646 shares. The stock had previously closed at C$0.28.

The company has a market cap of $7.43 million and a P/E ratio of -3.17. The business has a fifty day simple moving average of C$0.30 and a 200 day simple moving average of C$0.19. The company has a debt-to-equity ratio of 52.89, a quick ratio of 0.06 and a current ratio of 0.12.

Galantas Gold (CVE:GAL) last posted its quarterly earnings results on Thursday, July 9th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities research analysts expect that Galantas Gold Corp will post -0.62 EPS for the current year.

About Galantas Gold (CVE:GAL)

Galantas Gold Corporation engages in the acquisition, exploration, and development of gold properties primarily in Omagh, Northern Ireland. It owns and operates a producing open pit gold mine near Omagh, County Tyrone. It also produces silver and lead. 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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