Galiano Gold (TSE:GAU) Trading Down 8.9% – Should You Sell?

Galiano Gold Inc. (TSE:GAU) shares dropped 8.9% on Thursday . The company traded as low as C$3.66 and last traded at C$3.70. Approximately 152,844 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 425,854 shares. The stock had previously closed at C$4.06.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Galiano Gold to a “hold” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$1.50.

Galiano Gold Trading Up 0.3%

The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The stock has a 50-day moving average of C$3.42 and a 200 day moving average of C$3.06. The stock has a market cap of C$1.01 billion, a PE ratio of -21.61, a price-to-earnings-growth ratio of 0.15 and a beta of 1.81.

Galiano Gold (TSE:GAU) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.01) earnings per share for the quarter. Galiano Gold had a negative return on equity of 0.26% and a negative net margin of 0.35%.The company had revenue of C$159.01 million for the quarter.

About Galiano Gold

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.