Galantas Gold (CVE:GAL) Shares Down 8.7% – What’s Next?

Galantas Gold Co. (CVE:GAL) shares dropped 8.7% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 233,059 shares changed hands during trading, an increase of 261% from the average daily volume of 64,564 shares. The stock had previously closed at C$0.12.

Galantas Gold Stock Down 4.5 %

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 fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.15. The company has a market capitalization of C$12.05 million, a price-to-earnings ratio of -1.50 and a beta of 3.15.

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

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.