Galiano Gold (TSE:GAU) Sets New 52-Week High at $2.40

Galiano Gold Inc. (TSE:GAU) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$2.40 and last traded at C$2.40, with a volume of 92990 shares trading hands. The stock had previously closed at C$2.27.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price target on Galiano Gold from C$1.50 to C$2.25 in a research report on Thursday, March 7th.

Galiano Gold Price Performance

The company has a quick ratio of 15.77, a current ratio of 4.76 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of C$1.84 and a 200-day simple moving average of C$1.32. The stock has a market cap of C$605.79 million, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 0.15 and a beta of 0.96.

Galiano Gold (TSE:GAU) last issued its quarterly earnings data on Friday, February 16th. The company reported C($0.04) EPS for the quarter. On average, equities research analysts forecast that Galiano Gold Inc. will post 0.3656846 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul Nicholas Wright purchased 59,500 shares of Galiano Gold stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of C$1.18 per share, with a total value of C$70,210.00. In other news, Director Michael Price sold 65,100 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total value of C$79,096.50. Also, Director Paul Nicholas Wright acquired 59,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost of C$1.18 per share, for a total transaction of C$70,210.00. Insiders acquired 81,985 shares of company stock worth $101,652 in the last quarter. 26.43% of the stock is currently owned by corporate insiders.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares 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.