Galiano Gold Inc. (TSE:GAU – Get Rating) shot up 1.6% during mid-day trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 60,791 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 38,942 shares. The stock had previously closed at C$0.64.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GAU. BMO Capital Markets upgraded shares of Galiano Gold from an “underperform” rating to a “market perform” rating and raised their price objective for the company from C$0.50 to C$0.75 in a report on Tuesday, August 16th. HC Wainwright reiterated a “buy” rating and issued a C$2.20 price objective on shares of Galiano Gold in a report on Tuesday, July 12th. Finally, Berenberg Bank upgraded shares of Galiano Gold from a “hold” rating to a “buy” rating and raised their price objective for the company from C$0.70 to C$0.80 in a report on Monday, August 15th.
Galiano Gold Price Performance
The firm has a market cap of C$146.21 million and a price-to-earnings ratio of -1.32. The business’s 50-day simple moving average is C$0.57 and its two-hundred day simple moving average is C$0.62. The company has a current ratio of 27.44, a quick ratio of 27.32 and a debt-to-equity ratio of 0.25.
About Galiano Gold
Galiano Gold Inc engages in the exploration, development, and production of gold properties. The company's primary asset is the Asanko Gold Mine located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020. Galiano Gold Inc was incorporated in 1999 and is headquartered in Vancouver, Canada.
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