Galiano Gold (TSE:GAU) Stock Price Up 16.4% – Time to Buy?

Galiano Gold Inc. (TSE:GAU) shares traded up 16.4% during trading on Friday. The company traded as high as C$3.50 and last traded at C$3.48. Approximately 780,440 shares changed hands during trading, an increase of 46% from the average daily volume of 535,061 shares. The stock had previously closed at C$2.99.

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 report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$5.50.

Galiano Gold Stock Performance

The company has a debt-to-equity ratio of 23.50, a quick ratio of 15.77 and a current ratio of 1.23. The stock has a market cap of C$915.57 million, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.15 and a beta of 2.65. The company’s 50 day simple moving average is C$2.96 and its 200 day simple moving average is C$3.22.

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

Insider Buying and Selling

In related news, insider Sean Gregersen sold 37,334 shares of Galiano Gold stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$2.92, for a total transaction of C$109,015.28. Also, insider Michael Cardinaels acquired 25,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average cost of C$2.70 per share, for a total transaction of C$67,500.00. Following the transaction, the insider owned 45,000 shares of the company’s stock, valued at approximately C$121,500. The trade was a 125.00% increase in their position. Company insiders own 23.08% of the company’s stock.

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.