If you are currently looking into gold stocks then it could be the right time to take a closer look at the Galantas Gold Corporation (OTCMKTS:GALKF) stock. It has emerged as one of the notable gainers over the past week and managed to record gains of as much as 21% during the period.
Trading Data
On Monday, GALKF stock moved down 0.25% at $0.3192 with more than 7.2k shares, compared to its average volume of 22K shares. The stock has moved within a range of $0.3110 – 0.3424 after opening trade at $0.3424.
Galantas Gold Drills 10.1 g/t Gold and 93.5 g/t Silver Over 6.5 Metres at the Omagh Project
As a matter of fact, the company was in sharp focus among investors yesterday after it announced the results from the 4000 meter drilling initiative that is currently ongoing at the Omagh Project located in North Ireland. In the update from the company on Monday, some of the highlights from the results were announced.
The company noted that it had managed to drill as much as 10.1 g/t gold and 93.5 g/t silver in the 6.5 metre Omagh Project. It was a fairly positive results and may have led to further optimism about the stock among investors. The Chief Executive Officer of Galantas Gold Corporation, Mario Stifano, spoke about the developments as well. He stated that everyone at the company was happy about the continued success that the company has managed to achieve in tis drilling programme. He went on to state that mineralisation has continued to be of a higher grade as well.
Key Quote
Mario Stifano, CEO of Galantas, commented: “We are very pleased with the continued success of our exploration program which continues to demonstrate high-grade mineralization at Omagh, particularly high-grade gold in wider dilation zones at both Kearney and Joshua veins. We look forward to providing further updates on drill results and our mine production plan in the near future as we advance this unique opportunity to significantly grow high-grade resources at Joshua and Kearney, which remain open on strike and to depth, while also producing gold.”
Technical Data
GALKF stock is above the 10-Day and 20-Day Moving averages of $0.2984 and $0.3051 respectively. However, the stock is trading below the 200-Day moving average of $0.4146. The stock is own 3% in the past month.
