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

Galantas Gold Co. (CVE:GAL)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 2006 shares traded. The stock had previously closed at C$0.10.

Galantas Gold Stock Performance

The company has a market cap of C$10.33 million, a P/E ratio of -1.36 and a beta of 3.15. The company has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.14. The company has a quick ratio of 0.65, a current ratio of 0.14 and a debt-to-equity ratio of 189.08.

Galantas Gold (CVE:GAL) last released its quarterly earnings results on Thursday, August 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. Equities analysts expect that Galantas Gold Co. will post 0.2 EPS for the current fiscal year.

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.