Galiano Gold (TSE:GAU) Trading 1.7% Higher – Still a Buy?

Galiano Gold Inc. (TSE:GAU)’s stock price traded up 1.7% during mid-day trading on Wednesday . The stock traded as high as C$1.80 and last traded at C$1.79. 23,725 shares changed hands during trading, a decline of 88% from the average session volume of 204,655 shares. The stock had previously closed at C$1.76.

Wall Street Analyst Weigh In

Separately, Eight Capital set a C$3.50 price objective on shares of Galiano Gold and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Up 5.6 %

The company has a debt-to-equity ratio of 18.59, a quick ratio of 15.77 and a current ratio of 2.31. The firm’s 50-day moving average is C$2.01 and its 200 day moving average is C$2.10. The firm has a market capitalization of C$485.58 million, a PE ratio of 27.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Insider Activity at Galiano Gold

In other news, Director Judith Mosely sold 49,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. Corporate insiders own 23.08% 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.