Galane Gold Ltd (CVE:GG)’s share price rose 33.3% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10, approximately 556,600 shares traded hands during mid-day trading. An increase of 80% from the average daily volume of 309,056 shares. The stock had previously closed at C$0.08.
The business’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.06. The firm has a market cap of $16.06 million and a price-to-earnings ratio of -5.00. The company has a quick ratio of 0.28, a current ratio of 0.55 and a debt-to-equity ratio of 151.82.
About Galane Gold (CVE:GG)
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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