Galantas Gold (CVE:GAL) Hits New 1-Year Low – Here’s Why

Galantas Gold Co. (CVE:GAL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 49088 shares traded. The stock had previously closed at C$0.07.

Galantas Gold Stock Down 7.7 %

The firm has a market cap of C$6.89 million, a PE ratio of -0.86 and a beta of 3.15. The company has a quick ratio of 0.65, a current ratio of 0.14 and a debt-to-equity ratio of 189.08. The business has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.12.

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.