Galantas Gold (CVE:GAL) Stock Price Up 12.8% – Here’s What Happened

Galantas Gold Co. (CVE:GAL)’s share price traded up 12.8% during mid-day trading on Thursday. The company traded as high as C$0.48 and last traded at C$0.48. Approximately 471,200 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 847,875 shares. The stock had previously closed at C$0.43.

Analyst Upgrades and Downgrades

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

Galantas Gold Stock Down 4.1%

The firm has a 50 day moving average price of C$0.53 and a 200-day moving average price of C$0.44. The firm has a market cap of C$389.66 million, a price-to-earnings ratio of -7.75 and a beta of 1.14. The company has a debt-to-equity ratio of 4.09, a current ratio of 5.82 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. The company was formerly known as European Gold Resources Inc and changed its name to Galantas Gold Corporation in May 2004.