Galantas Gold (CVE:GAL) Hits New 1-Year Low – Time to Sell?

Galantas Gold Co. (CVE:GAL) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 49088 shares traded. The stock had previously closed at C$0.07.

Galantas Gold Stock Performance

The firm’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.12. The firm has a market capitalization of C$6.89 million, a price-to-earnings ratio of -0.86 and a beta of 3.15. The company has a debt-to-equity ratio of 189.08, a quick ratio of 0.65 and a current ratio of 0.14.

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.