Galiano Gold (TSE:GAU) Trading 5.5% Higher

Galiano Gold Inc. (TSE:GAU)’s share price traded up 5.5% on Wednesday . The stock traded as high as C$2.10 and last traded at C$2.10. 120,889 shares changed hands during trading, a decline of 21% from the average session volume of 153,921 shares. The stock had previously closed at C$1.99.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Galiano Gold from C$1.50 to C$2.25 in a report on Thursday, March 7th. Scotiabank upped their price objective on Galiano Gold from C$1.20 to C$1.50 and gave the company a “sector perform” rating in a report on Friday, December 22nd.

Galiano Gold Trading Down 0.5 %

The company has a market cap of C$519.61 million, a PE ratio of 5.54, a price-to-earnings-growth ratio of 0.15 and a beta of 0.96. The company has a quick ratio of 15.77, a current ratio of 4.76 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of C$1.62 and a 200-day simple moving average of C$1.20.

Galiano Gold (TSE:GAU) last announced its earnings results on Friday, February 16th. The company reported C($0.04) earnings per share (EPS) for the quarter. On average, analysts predict that Galiano Gold Inc. will post 0.3656846 EPS for the current fiscal year.

Insider Transactions at Galiano Gold

In other news, Director Michael Price sold 65,100 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total transaction of C$79,096.50. In other news, Director Paul Nicholas Wright bought 59,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of C$1.18 per share, for a total transaction of C$70,210.00. Also, Director Michael Price sold 65,100 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total transaction of C$79,096.50. Over the last 90 days, insiders have purchased 81,985 shares of company stock valued at $101,652. 26.43% of the stock is currently owned by company insiders.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.