Galiano Gold (TSE:GAU) Trading 2.5% Higher – Here’s What Happened

Galiano Gold Inc. (TSE:GAU) shares traded up 2.5% during trading on Monday . The stock traded as high as C$3.76 and last traded at C$3.68. 276,044 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 390,888 shares. The stock had previously closed at C$3.59.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Galiano Gold to a “hold” rating in a report on Friday, November 28th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$1.50.

Galiano Gold Stock Performance

The stock’s 50 day simple moving average is C$3.40 and its two-hundred day simple moving average is C$2.84. The company has a market capitalization of C$956.03 million, a P/E ratio of -20.44, a P/E/G ratio of 0.15 and a beta of 1.81. The company has a debt-to-equity ratio of 17.37, a current ratio of 1.97 and a quick ratio of 15.77.

Galiano Gold (TSE:GAU) last issued its quarterly earnings results on Thursday, November 6th. The company reported C($0.01) earnings per share for the quarter. Galiano Gold had a negative net margin of 0.35% and a negative return on equity of 0.26%. The company had revenue of C$159.01 million during the quarter.

About Galiano Gold

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. Its Asanko Gold Mine is a multi-deposit complex, with two main deposits, the Obotan Project and the Esaase Project, both located in the Amansie West District of the Republic of Ghana (Ghana), West Africa.