Galiano Gold (TSE:GAU) Stock Price Down 10.9% – Time to Sell?

Galiano Gold Inc. (TSE:GAU) traded down 10.9% during trading on Tuesday . The stock traded as low as C$1.80 and last traded at C$1.80. 234,921 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 159,457 shares. The stock had previously closed at C$2.02.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded Galiano Gold from a “strong-buy” rating to a “hold” rating and lowered their price target for the company from C$2.50 to C$1.50 in a report on Wednesday, January 29th.

Galiano Gold Price Performance

The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The firm has a fifty day moving average of C$1.74 and a 200-day moving average of C$1.90. The firm has a market cap of C$344.42 million, a P/E ratio of -582.94, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

About Galiano Gold

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.