Galiano Gold (TSE:GAU) Stock Jumps 6.9% – Time to Buy?

Shares of Galiano Gold Inc. (TSE:GAU) rose 6.9% during mid-day trading on Thursday. The company traded as high as C$3.00 and last traded at C$2.96. 228,535 shares changed hands during trading, a decline of 58% from the average session volume of 545,418 shares. The stock had previously closed at C$2.77.

Analysts Set New Price Targets

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

Galiano Gold Trading Up 4.0%

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 firm’s fifty day moving average is C$2.96 and its two-hundred day moving average is C$3.02. The firm has a market capitalization of C$816.17 million, a PE ratio of 11.56, a PEG ratio of 0.15 and a beta of 2.74.

Galiano Gold (TSE:GAU) last posted 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 net margin of 11.96% and a return on equity of 28.60%.

Insider Buying and Selling at Galiano Gold

In other news, insider Sean Gregersen sold 37,334 shares of Galiano Gold 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. Also, insider Michael Cardinaels purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was bought at an average cost of C$2.70 per share, for a total transaction of C$67,500.00. Following the completion of the acquisition, the insider directly owned 45,000 shares in the company, valued at C$121,500. The trade was a 125.00% increase in their position. 23.08% of the stock is currently owned by insiders.

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.