Short Interest in Galantas Gold Co. (OTCMKTS:GALKF) Increases By 570.3%

Galantas Gold Co. (OTCMKTS:GALKF) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 24,800 shares, an increase of 570.3% from the June 15th total of 3,700 shares. Based on an average daily trading volume, of 56,100 shares, the days-to-cover ratio is currently 0.4 days.

Galantas Gold Price Performance

OTCMKTS GALKF traded up $0.03 during mid-day trading on Friday, reaching $0.13. 60,906 shares of the company’s stock traded hands, compared to its average volume of 51,621. The company has a fifty day simple moving average of $0.12 and a 200-day simple moving average of $0.13. Galantas Gold has a 1-year low of $0.08 and a 1-year high of $0.26.

Galantas Gold Company Profile

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.