Galiano Gold (TSE:GAU) Trading 5.5% Higher

Galiano Gold Inc. (TSE:GAU)’s share price traded up 5.5% during mid-day trading 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.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of 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. BMO Capital Markets lifted their price target on shares of Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th.

Galiano Gold Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 15.77 and a current ratio of 4.76. The company’s fifty day moving average price is C$1.62 and its 200 day moving average price is C$1.20. The firm has a market capitalization of C$519.61 million, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.15 and a beta of 0.96.

Galiano Gold (TSE:GAU) last issued its quarterly earnings results on Friday, February 16th. The company reported C($0.04) earnings per share for the quarter. Equities research analysts expect that Galiano Gold Inc. will post 0.3656846 earnings per share for the current year.

Insider Transactions at Galiano Gold

In related news, Director Michael Price sold 65,100 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total value of C$79,096.50. In other news, Director Paul Nicholas Wright purchased 59,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were acquired 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 that occurred on Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total transaction of C$79,096.50. In the last three months, insiders purchased 81,985 shares of company stock valued at $101,652. Company insiders own 26.43% of the company’s stock.

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.