Galiano Gold (TSE:GAU) Insider Acquires C$67,500.00 in Stock

Galiano Gold Inc. (TSE:GAU) insider Michael Cardinaels purchased 25,000 shares of Galiano Gold stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of C$2.70 per share, with a total value of C$67,500.00. Following the transaction, the insider owned 45,000 shares in the company, valued at C$121,500. This represents a 125.00% increase in their position.

Galiano Gold Stock Up 2.6%

TSE:GAU traded up C$0.07 during trading hours on Tuesday, hitting C$2.80. 287,479 shares of the stock traded hands, compared to its average volume of 552,859. The firm has a 50 day moving average price of C$2.90 and a 200 day moving average price of C$3.06. The firm has a market cap of C$732.46 million, a price-to-earnings ratio of 10.37, a PEG ratio of 0.15 and a beta of 2.64. Galiano Gold Inc. has a fifty-two week low of C$2.35 and a fifty-two week 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.

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$5.50 target price on Galiano Gold and gave the company a “buy” rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat.com, Galiano Gold currently has a consensus rating of “Buy” and a consensus price target 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.