Galiano Gold (TSE:GAU) Trading 10.4% Higher – Should You Buy?

Galiano Gold Inc. (TSE:GAU) rose 10.4% during mid-day trading on Friday . The stock traded as high as C$4.21 and last traded at C$4.05. Approximately 233,095 shares changed hands during trading, a decline of 60% from the average daily volume of 577,997 shares. The stock had previously closed at C$3.67.

Wall Street Analyst Weigh In

Separately, Scotiabank raised shares of Galiano Gold to a “hold” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Galiano Gold Stock Up 11.2%

The firm has a market capitalization of C$1.06 billion, a PE ratio of -22.67, a PEG ratio of 0.15 and a beta of 1.80. The company has a fifty day simple moving average of C$3.72 and a two-hundred day simple moving average of C$3.34. The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97.

Galiano Gold (TSE:GAU) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$213.44 million for the quarter. Galiano Gold had a negative return on equity of 0.26% and a negative net margin of 0.35%.

Galiano Gold Company Profile

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.