Galiano Gold (TSE:GAU) Trading 10.4% Higher – What’s Next?

Galiano Gold Inc. (TSE:GAU) shares traded up 10.4% on Friday . The company traded as high as C$4.21 and last traded at C$4.05. 233,095 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 577,997 shares. The stock had previously closed at C$3.67.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Galiano Gold to a “hold” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Galiano Gold Stock Performance

The company has a current ratio of 1.97, a quick ratio of 15.77 and a debt-to-equity ratio of 17.37. The company’s fifty day moving average is C$3.72 and its 200 day moving average is C$3.34. The company has a market cap of C$1.06 billion, a P/E ratio of -22.67, a price-to-earnings-growth ratio of 0.15 and a beta of 1.80.

Galiano Gold (TSE:GAU) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$213.44 million for the quarter. Galiano Gold had a negative net margin of 0.35% and a negative return on equity of 0.26%.

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.