Insider Buying: Galiano Gold (TSE:GAU) Insider Acquires C$67,500.00 in Stock

Galiano Gold Inc. (TSE:GAU) insider Michael Cardinaels purchased 25,000 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were bought at an average price of C$2.70 per share, for a total transaction of C$67,500.00. Following the completion of the transaction, the insider directly owned 45,000 shares in the company, valued at C$121,500. This represents a 125.00% increase in their position.

Galiano Gold Price Performance

Shares of Galiano Gold stock traded up C$0.07 on Tuesday, hitting C$2.80. The company had a trading volume of 287,479 shares, compared to its average volume of 552,859. Galiano Gold Inc. has a 52 week low of C$2.35 and a 52 week high of C$4.91. The company has a debt-to-equity ratio of 23.50, a current ratio of 1.23 and a quick ratio of 15.77. The company has a market cap of C$732.46 million, a PE ratio of 10.37, a PEG ratio of 0.15 and a beta of 2.64. The business has a 50-day simple moving average of C$2.90 and a 200-day simple moving average of C$3.06.

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a C$5.50 target price on Galiano Gold and gave the company a “buy” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Galiano Gold currently has a consensus rating of “Buy” and an average price target 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.