Galiano Gold Inc. (TSE:GAU) Director Paul Nicholas Wright Acquires 50,000 Shares

Galiano Gold Inc. (TSE:GAU) Director Paul Nicholas Wright bought 50,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were acquired at an average cost of C$1.04 per share, with a total value of C$52,000.00.

Paul Nicholas Wright also recently made the following trade(s):

• On Monday, May 20th, Paul Nicholas Wright sold 100,000 shares of Galiano Gold stock. The stock was sold at an average price of C$1.72, for a total transaction of C$172,000.00.

Galiano Gold Stock Performance

Shares of GAU opened at C$2.37 on Thursday. The company has a current ratio of 2.49, a quick ratio of 15.77 and a debt-to-equity ratio of 10.81. Galiano Gold Inc. has a 12-month low of C$0.71 and a 12-month high of C$2.58. The firm has a 50-day moving average price of C$2.31 and a 200 day moving average price of C$1.76. The firm has a market capitalization of C$602.29 million, a P/E ratio of 29.63, a P/E/G ratio of 0.15 and a beta of 1.03.

Galiano Gold (TSE:GAU) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.03). Galiano Gold had a net margin of 40.49% and a return on equity of 6.24%. The firm had revenue of C$42.73 million during the quarter. Sell-side analysts forecast that Galiano Gold Inc. will post 0.2255435 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GAU. Scotiabank upped their target price on shares of Galiano Gold from C$2.00 to C$2.25 in a report on Thursday, May 23rd. BMO Capital Markets upped their target price on shares of Galiano Gold from C$1.50 to C$2.25 in a report on Thursday, March 7th.

About Galiano Gold

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.