Galantas Gold (CVE:GAL) Reaches New 52-Week Low – Here’s Why

Shares of Galantas Gold Co. (CVE:GALGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 5000 shares traded. The stock had previously closed at C$0.06.

Galantas Gold Price Performance

The company’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.12. The company has a market cap of C$6.31 million, a P/E ratio of -0.79 and a beta of 3.15. The company has a debt-to-equity ratio of 189.08, a current ratio of 0.14 and a quick ratio of 0.65.

About Galantas Gold

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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.

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