Galiano Gold (TSE:GAU) Trading Up 5.5%

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

Analysts Set New Price Targets

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

Galiano Gold Stock Up 4.5 %

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 company has a market capitalization of C$527.22 million, a PE ratio of 5.38, a P/E/G ratio of 0.15 and a beta of 0.96. The stock has a 50-day moving average of C$1.59 and a 200 day moving average of C$1.19.

Galiano Gold (TSE:GAU) last issued its quarterly earnings results on Friday, February 16th. The company reported C($0.04) EPS for the quarter. Sell-side analysts anticipate that Galiano Gold Inc. will post 0.3656846 EPS for the current year.

Insider Activity at Galiano Gold

In other Galiano Gold news, Director Michael Price sold 65,100 shares of the 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 related news, Director Paul Nicholas Wright purchased 59,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of C$1.18 per share, with a total value of C$70,210.00. Also, Director Michael Price sold 65,100 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total value of C$79,096.50. Over the last three months, insiders acquired 81,985 shares of company stock valued at $101,652. 26.43% of the stock is owned by 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.