Galantas Gold Co. (OTCMKTS:GALKF) Sees Large Decrease in Short Interest

Galantas Gold Co. (OTCMKTS:GALKF) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 517,521 shares, a decline of 71.5% from the June 15th total of 1,816,000 shares. Based on an average daily trading volume, of 44,745 shares, the days-to-cover ratio is presently 11.6 days.

Galantas Gold Stock Performance

Galantas Gold stock remained flat at $0.21 during mid-day trading on Tuesday. The company’s stock had a trading volume of 7,300 shares, compared to its average volume of 69,453. Galantas Gold has a twelve month low of $0.16 and a twelve month high of $0.48. The business has a 50 day simple moving average of $0.33 and a 200 day simple moving average of $0.21.

Galantas Gold Company Profile

Galantas Gold Corporation is a Canada‐based mineral exploration and development company focused on the acquisition, exploration and production of gold assets. Through its wholly owned subsidiary in Northern Ireland, the company holds an exclusive prospecting licence for the Tyrone Orefield, an area with a long history of gold mining dating back to the 19th century.

The company’s principal asset is the Omagh Gold Project, located near the town of Omagh in County Tyrone, Northern Ireland.