Galiano Gold (TSE:GAU) Stock Price Up 5.6% – Here’s What Happened
by Tristan Rich · The Markets DailyGaliano Gold Inc. (TSE:GAU – Get Free Report) shares shot up 5.6% during trading on Thursday . The company traded as high as C$2.85 and last traded at C$2.83. 336,891 shares changed hands during trading, a decline of 37% from the average session volume of 532,477 shares. The stock had previously closed at C$2.68.
Analyst Ratings Changes
Separately, Freedom Capital raised Galiano Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Report on Galiano Gold
Galiano Gold Trading Up 5.6%
The stock has a 50-day simple moving average of C$3.30 and a 200 day simple moving average of C$3.58. 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 company has a market cap of C$739.24 million, a price-to-earnings ratio of 25.73, a PEG ratio of 0.15 and a beta of 2.34.
Galiano Gold (TSE:GAU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.15 EPS for the quarter. Galiano Gold had a return on equity of 13.11% and a net margin of 5.57%.The company had revenue of C$231.52 million during the quarter.
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.