Galiano Gold (TSE:GAU) Trading Down 5.1% – Time to Sell?

Galiano Gold Inc. (TSE:GAU) traded down 5.1% on Wednesday . The company traded as low as C$3.31 and last traded at C$3.34. 790,739 shares traded hands during trading, an increase of 20% from the average session volume of 659,536 shares. The stock had previously closed at C$3.52.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised Galiano Gold to a “hold” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Galiano Gold presently has an average rating of “Hold”.

Galiano Gold Price Performance

The firm’s 50 day simple moving average is C$4.04 and its two-hundred day simple moving average is C$3.63. The company has a debt-to-equity ratio of 26.20, a current ratio of 0.92 and a quick ratio of 15.77. The firm has a market capitalization of C$867.70 million, a P/E ratio of -30.36, a P/E/G ratio of 0.15 and a beta of 2.02.

Galiano Gold (TSE:GAU) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$213.44 million for the quarter. Galiano Gold had a negative return on equity of 13.25% and a negative net margin of 6.45%.

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.