Galiano Gold (TSE:GAU) Stock Price Up 5.6% – Here’s What Happened

Galiano Gold Inc. (TSE:GAU) shares were up 5.6% during mid-day trading on Thursday . The stock traded as high as C$2.85 and last traded at C$2.83. Approximately 336,891 shares changed hands during trading, a decline of 37% from the average daily volume of 532,477 shares. The stock had previously closed at C$2.68.

Wall Street Analyst Weigh In

Separately, Freedom Capital raised Galiano Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Galiano Gold Trading Up 3.5%

The firm has a market cap of C$765.36 million, a PE ratio of 26.64, a P/E/G ratio of 0.15 and a beta of 2.34. The company has a current ratio of 0.97, a quick ratio of 15.77 and a debt-to-equity ratio of 12.71. The business has a fifty day moving average price of C$3.28 and a 200 day moving average price of C$3.58.

Galiano Gold (TSE:GAU) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$231.52 million for the quarter. Galiano Gold had a return on equity of 13.11% and a net margin of 5.57%.

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.