Galiano Gold (TSE:GAU) Stock Price Up 0.8% – Here’s What Happened

Galiano Gold Inc. (TSE:GAU) shot up 0.8% during trading on Tuesday . The company traded as high as C$4.07 and last traded at C$3.99. 383,603 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 483,469 shares. The stock had previously closed at C$3.96.

Wall Street Analyst Weigh In

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

Galiano Gold Trading Up 0.8%

The company has a fifty day simple moving average of C$3.38 and a two-hundred day simple moving average of C$3.04. The company has a market capitalization of C$1.04 billion, a P/E ratio of -22.17, a price-to-earnings-growth 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 released its quarterly earnings results on Thursday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. 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$159.01 million for 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.