Galiano Gold (TSE:GAU) Trading 6% Higher – Here’s Why

Galiano Gold Inc. (TSE:GAU)’s stock price traded up 6% on Thursday . The stock traded as high as C$2.92 and last traded at C$2.81. 492,328 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 558,112 shares. The stock had previously closed at C$2.65.

Wall Street Analyst Weigh In

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

Galiano Gold Stock Performance

The firm has a market cap of C$752.30 million, a P/E ratio of 26.18, a P/E/G ratio of 0.15 and a beta of 2.34. The company has a debt-to-equity ratio of 12.71, a quick ratio of 15.77 and a current ratio of 0.97. The company’s 50 day moving average is C$3.06 and its 200 day moving average is C$3.53.

Galiano Gold (TSE:GAU) last announced its earnings results on Wednesday, May 13th. The company reported C$0.15 earnings per share (EPS) 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%.

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.