Insider Buying: Galantas Gold (CVE:GAL) Insider Buys C$2,134,302.45 in Stock

Galantas Gold Co. (CVE:GAL) insider Alpayana S.A.C. bought 5,768,385 shares of Galantas Gold stock in a transaction dated Monday, October 26th. The stock was purchased at an average cost of C$0.37 per share, for a total transaction of C$2,134,302.45. Following the completion of the acquisition, the insider directly owned 103,082,275 shares of the company’s stock, valued at approximately C$38,140,441.75. The trade was a 5.93% increase in their position.

Galantas Gold Price Performance

CVE:GAL opened at C$0.34 on Friday. The company has a current ratio of 5.82, a quick ratio of 0.65 and a debt-to-equity ratio of 4.09. The company has a market capitalization of C$289.10 million, a P/E ratio of -5.75 and a beta of 1.14. Galantas Gold Co. has a 12 month low of C$0.06 and a 12 month high of C$0.71. The business’s 50-day moving average is C$0.51 and its 200 day moving average is C$0.38.

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. The company was formerly known as European Gold Resources Inc and changed its name to Galantas Gold Corporation in May 2004.