Galiano Gold (TSE:GAU) Shares Down 8.9% – What’s Next?

Shares of Galiano Gold Inc. (TSE:GAU) traded down 8.9% during mid-day trading on Thursday . The stock traded as low as C$3.66 and last traded at C$3.70. 152,844 shares were traded during mid-day trading, a decline of 64% from the average session volume of 425,854 shares. The stock had previously closed at C$4.06.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised Galiano Gold to a “hold” rating in a research report on Friday, November 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Galiano Gold currently has a consensus rating of “Hold” and a consensus target price of C$1.50.

Galiano Gold Trading Down 5.9%

The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The firm has a market capitalization of C$992.40 million, a price-to-earnings ratio of -21.22, a PEG ratio of 0.15 and a beta of 1.81. The company has a 50-day moving average price of C$3.39 and a 200-day moving average price of C$3.04.

Galiano Gold (TSE:GAU) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$159.01 million during the quarter. Galiano Gold had a negative net margin of 0.35% and a negative return on equity of 0.26%.

Galiano Gold Company Profile

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.