Galiano Gold (TSE:GAU) Trading Up 1.7% – Here’s Why

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

Analysts Set New Price Targets

Separately, Eight Capital set a C$3.50 price target on Galiano Gold and gave the company a “buy” rating in a report on Tuesday, November 19th.

Galiano Gold Stock Up 1.7 %

The business has a fifty day moving average price of C$2.03 and a two-hundred day moving average price of C$2.11. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. The company has a market cap of C$459.89 million, a price-to-earnings ratio of 25.57, a P/E/G ratio of 0.15 and a beta of 1.05.

Insider Buying and Selling at Galiano Gold

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