Galiano Gold (NYSEAMERICAN:GAU) Stock Price Up 7.4% – Should You Buy?

Galiano Gold Inc. (NYSEAMERICAN:GAU) shares were up 7.4% during trading on Tuesday . The company traded as high as $3.01 and last traded at $2.9850. Approximately 1,126,554 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 2,476,842 shares. The stock had previously closed at $2.78.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Galiano Gold to a “hold” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.20.

Galiano Gold Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.70. The stock has a market capitalization of $797.56 million, a PE ratio of -17.05 and a beta of 0.86. The business’s fifty day moving average price is $2.52 and its 200-day moving average price is $2.26.

Institutional Investors Weigh In On Galiano Gold

Large investors have recently added to or reduced their stakes in the business. Aegis Financial Corp raised its stake in Galiano Gold by 162.5% in the second quarter. Aegis Financial Corp now owns 6,505,921 shares of the company’s stock valued at $8,250,000 after purchasing an additional 4,027,090 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Galiano Gold in the 2nd quarter worth $568,000. Pale Fire Capital SE increased its holdings in shares of Galiano Gold by 67.2% in the 2nd quarter. Pale Fire Capital SE now owns 6,011,627 shares of the company’s stock worth $7,635,000 after buying an additional 2,415,530 shares during the last quarter. Bank of Montreal Can raised its position in shares of Galiano Gold by 543.0% during the 2nd quarter. Bank of Montreal Can now owns 1,083,699 shares of the company’s stock valued at $1,378,000 after buying an additional 915,154 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Galiano Gold by 177.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,466 shares of the company’s stock worth $59,000 after acquiring an additional 29,690 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

Galiano Gold Company Profile

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.