Galiano Gold (TSE:GAU) Shares Up 6% – Time to Buy?

Galiano Gold Inc. (TSE:GAU)’s share price shot up 6% during mid-day trading on Thursday . The company traded as high as C$2.92 and last traded at C$2.81. 492,328 shares changed hands during trading, a decline of 12% from the average session volume of 558,112 shares. The stock had previously closed at C$2.65.

Analyst Ratings Changes

Separately, Freedom Capital raised Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Galiano Gold Stock Performance

The company has a quick ratio of 15.77, a current ratio of 0.97 and a debt-to-equity ratio of 12.71. The stock has a market cap of C$734.01 million, a price-to-earnings ratio of 25.55, a P/E/G ratio of 0.15 and a beta of 2.34. The company has a 50 day simple moving average of C$3.08 and a 200 day simple moving average of C$3.53.

Galiano Gold (TSE:GAU) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$231.52 million for the quarter. Galiano Gold had a net margin of 5.57% and a return on equity of 13.11%.

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.