Galiano Gold (TSE:GAU) Insider Sells 37,334 Shares of Stock

Galiano Gold Inc. (TSE:GAU) insider Sean Gregersen sold 37,334 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$2.92, for a total transaction of C$109,015.28.

Galiano Gold Trading Up 6.7%

TSE GAU traded up C$0.19 on Wednesday, reaching C$3.02. The company had a trading volume of 1,831,001 shares, compared to its average volume of 546,551. The firm has a market cap of C$790.01 million, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.15 and a beta of 2.43. The company has a debt-to-equity ratio of 23.50, a current ratio of 1.23 and a quick ratio of 15.77. Galiano Gold Inc. has a fifty-two week low of C$2.35 and a fifty-two week high of C$4.91. The business has a 50 day moving average of C$2.72 and a two-hundred day moving average of C$3.27.

Galiano Gold (TSE:GAU) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. Galiano Gold had a return on equity of 28.60% and a net margin of 11.96%.The firm had revenue of C$222.45 million for the quarter.

Analysts Set New Price Targets

GAU has been the topic of several analyst reports. Canaccord Genuity Group set a C$5.50 target price on Galiano Gold and gave the company a “buy” rating in a report on Thursday, August 13th. Freedom Capital upgraded shares of 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, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$5.50.

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.