Galiano Gold (TSE:GAU) Reaches New 12-Month High at $2.60

Shares of Galiano Gold Inc. (TSE:GAU) reached a new 52-week high during trading on Monday . The company traded as high as C$2.60 and last traded at C$2.57, with a volume of 103308 shares trading hands. The stock had previously closed at C$2.50.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their price target on Galiano Gold from C$2.00 to C$2.25 in a research report on Thursday, May 23rd.

Galiano Gold Price Performance

The business has a fifty day simple moving average of C$2.35 and a two-hundred day simple moving average of C$1.84. The company has a current ratio of 2.49, a quick ratio of 15.77 and a debt-to-equity ratio of 10.81. The stock has a market cap of C$660.74 million, a PE ratio of 31.25, a P/E/G ratio of 0.15 and a beta of 1.03.

Galiano Gold (TSE:GAU) last posted its earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.03). Galiano Gold had a return on equity of 6.24% and a net margin of 40.49%. The firm had revenue of C$42.73 million for the quarter. Research analysts forecast that Galiano Gold Inc. will post 0.2255435 earnings per share for the current year.

Insider Transactions at Galiano Gold

In other Galiano Gold news, Senior Officer Krista Muhr sold 93,333 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$2.31, for a total transaction of C$215,319.23. In other Galiano Gold news, Director Paul Nicholas Wright sold 100,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of C$1.72, for a total transaction of C$172,000.00. Also, Senior Officer Krista Muhr sold 93,333 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$2.31, for a total value of C$215,319.23. Insiders own 23.42% 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.