Galiano Gold (TSE:GAU) Insider Buys C$67,500.00 in Stock

Galiano Gold Inc. (TSE:GAU) insider Michael Cardinaels bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average price of C$2.70 per share, with a total value of C$67,500.00. Following the purchase, the insider owned 45,000 shares in the company, valued at C$121,500. This trade represents a 125.00% increase in their ownership of the stock.

Galiano Gold Stock Performance

Shares of TSE GAU opened at C$2.76 on Friday. The company has a quick ratio of 15.77, a current ratio of 1.23 and a debt-to-equity ratio of 23.50. The business’s 50 day moving average is C$2.91 and its two-hundred day moving average is C$3.03. The company has a market cap of C$721.99 million, a P/E ratio of 10.22, a P/E/G ratio of 0.15 and a beta of 2.64. Galiano Gold Inc. has a 12 month low of C$2.35 and a 12 month high of C$4.91.

Galiano Gold (TSE:GAU) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$222.45 million during the quarter. Galiano Gold had a return on equity of 28.60% and a net margin of 11.96%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$5.50 price target on shares of Galiano Gold and gave the company a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$5.50.

About Galiano Gold

Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities.