Galiano Gold (TSE:GAU) Stock Jumps 16.4% – Time to Buy?

by · The Markets Daily

Shares of Galiano Gold Inc. (TSE:GAU – Get Free Report) traded up 16.4% during trading on Friday. The stock traded as high as C$3.50 and last traded at C$3.48. 780,440 shares were traded during trading, an increase of 46% from the average daily volume of 535,061 shares. The stock had previously closed at C$2.99.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$5.50 price objective on shares of Galiano Gold and gave the company a “buy” rating in a research note on Thursday, August 13th. One 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.50.

Get Our Latest Stock Report on Galiano Gold

Galiano Gold Trading Up 17.1%

The business has a 50 day moving average of C$2.96 and a two-hundred day moving average of C$3.22. The company has a debt-to-equity ratio of 23.50, a quick ratio of 15.77 and a current ratio of 1.23. The firm has a market capitalization of C$915.57 million, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.15 and a beta of 2.65.

Galiano Gold (TSE:GAU – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. The firm 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%.

Insider Buying and Selling at Galiano Gold

In other Galiano Gold news, insider Michael Cardinaels purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of C$2.70 per share, for a total transaction of C$67,500.00. Following the purchase, the insider owned 45,000 shares of the company’s stock, valued at C$121,500. This trade represents a 125.00% increase in their position. Also, insider Sean Gregersen sold 37,334 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$2.92, for a total transaction of C$109,015.28. Company insiders own 23.08% of the company’s stock.

About Galiano Gold

(Get Free Report)

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.

See Also