Shares of Galane Gold Ltd (CVE:GG) were up 14.3% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08, approximately 188,672 shares were traded during mid-day trading. A decline of 29% from the average daily volume of 264,380 shares. The stock had previously closed at C$0.07.
The company has a debt-to-equity ratio of 140.57, a quick ratio of 0.22 and a current ratio of 0.54. The stock’s fifty day moving average price is C$0.06 and its 200-day moving average price is C$0.05. The company has a market capitalization of $14.06 million and a P/E ratio of -12.50.
Galane Gold (CVE:GG) last released its quarterly earnings results on Wednesday, May 29th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$11.27 million for the quarter.
Galane Gold Ltd., through its subsidiaries, engages in the exploration for, development, and operation of gold mining properties. It holds interest in the Mupane Property, which is located in the Republic of Botswana; and the Galaxy Property that is located in the Republic of South Africa. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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