Galantas Gold (CVE:GAL) Hits New 12-Month Low – What’s Next?

Galantas Gold Co. (CVE:GAL) shares reached a new 52-week low on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 2000 shares traded. The stock had previously closed at C$0.10.

Galantas Gold Stock Down 6.3 %

The firm has a fifty day moving average price of C$0.11 and a 200 day moving average price of C$0.14. The company has a current ratio of 0.14, a quick ratio of 0.65 and a debt-to-equity ratio of 189.08. The firm has a market capitalization of C$8.61 million, a price-to-earnings ratio of -1.07 and a beta of 3.15.

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