Galiano Gold (TSE:GAU) Posts Earnings Results

Galiano Gold (TSE:GAU) posted its quarterly earnings results on Thursday. The company reported C$0.21 earnings per share for the quarter, FiscalAI reports. Galiano Gold had a negative return on equity of 0.26% and a negative net margin of 0.35%.The company had revenue of C$213.44 million for the quarter.

Galiano Gold Trading Up 11.7%

TSE:GAU opened at C$4.10 on Friday. The company’s 50 day moving average price is C$3.73 and its 200-day moving average price is C$3.35. Galiano Gold has a 52 week low of C$1.44 and a 52 week high of C$4.46. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of -22.78, a PEG ratio of 0.15 and a beta of 1.80.

Analysts Set New Price Targets

Separately, Scotiabank raised Galiano Gold to a “hold” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Galiano Gold

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.