Galiano Gold (TSE:GAU) Insider Sean Gregersen Sells 37,334 Shares of Stock

Galiano Gold Inc. (TSE:GAU) insider Sean Gregersen sold 37,334 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$2.92, for a total transaction of C$109,015.28.

Galiano Gold Stock Performance

GAU stock opened at C$3.05 on Thursday. The stock has a market capitalization of C$797.86 million, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.15 and a beta of 2.43. Galiano Gold Inc. has a 12-month low of C$2.35 and a 12-month high of C$4.91. The company has a current ratio of 1.23, a quick ratio of 15.77 and a debt-to-equity ratio of 23.50. The stock’s 50 day simple moving average is C$2.73 and its 200 day simple moving average is C$3.27.

Galiano Gold (TSE:GAU) last issued its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Galiano Gold had a net margin of 11.96% and a return on equity of 28.60%. The company had revenue of C$222.45 million for the quarter.

Analysts Set New Price Targets

Several research firms have weighed in on GAU. Freedom Capital upgraded Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Canaccord Genuity Group set a C$5.50 price objective on Galiano Gold and gave the stock a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Galiano Gold currently has an average rating of “Buy” and an average target price of C$5.50.

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.