Galiano Gold (TSE:GAU) Shares Down 10.9% – Should You Sell?

Galiano Gold Inc. (TSE:GAU) shares dropped 10.9% during mid-day trading on Tuesday . The company traded as low as C$1.80 and last traded at C$1.80. Approximately 234,921 shares changed hands during trading, an increase of 47% from the average daily volume of 159,457 shares. The stock had previously closed at C$2.02.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets downgraded Galiano Gold from a “strong-buy” rating to a “hold” rating and cut their price objective for the company from C$2.50 to C$1.50 in a research report on Wednesday, January 29th. Eight Capital set a C$3.50 price objective on shares of Galiano Gold and gave the company a “buy” rating in a report on Tuesday, November 19th.

Galiano Gold Price Performance

The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The firm has a fifty day simple moving average of C$1.74 and a 200 day simple moving average of C$1.90. The company has a market capitalization of C$328.02 million, a PE ratio of -555.18, a P/E/G ratio of 0.15 and a beta of 1.05.

Galiano Gold Company Profile

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.