Galiano Gold (TSE:GAU) Stock Price Up 5.6% – Here’s What Happened

Galiano Gold Inc. (TSE:GAU – Get Free Report)’s stock price rose 5.6% during mid-day trading on Thursday . The company traded as high as C$2.85 and last traded at C$2.83. Approximately 336,891 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 532,477 shares. The stock had previously closed at C$2.68.

Wall Street Analyst Weigh In

Separately, Freedom Capital upgraded Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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Galiano Gold Price Performance

The company has a current ratio of 0.97, a quick ratio of 15.77 and a debt-to-equity ratio of 12.71. The stock has a market cap of C$739.24 million, a price-to-earnings ratio of 25.73, a PEG ratio of 0.15 and a beta of 2.34. The stock has a 50-day moving average price of C$3.30 and a two-hundred day moving average price of C$3.58.

Galiano Gold (TSE:GAU – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$231.52 million during the quarter. Galiano Gold had a return on equity of 13.11% and a net margin of 5.57%.

About Galiano Gold

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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.

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