Galiano Gold (TSE:GAU) Reaches New 12-Month Low - What's Next?

Galiano Gold Inc. (TSE:GAU - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$1.51 and last traded at C$1.51, with a volume of 93261 shares changing hands. The stock had previously closed at C$1.64.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered shares of Galiano Gold from a "strong-buy" rating to a "hold" rating and cut their target price for the stock from C$2.50 to C$1.50 in a research report on Wednesday, January 29th.

Galiano Gold Price Performance

The business's fifty day simple moving average is C$1.75 and its 200-day simple moving average is C$1.87. 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 firm has a market cap of C$300.69 million, a P/E ratio of -508.91, a PEG ratio of 0.15 and a beta of 1.05.

Insider Activity at Galiano Gold

In other news, Director Paul Nicholas Wright bought 40,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of C$1.23 per share, for a total transaction of C$49,200.00. 23.08% of the stock is currently owned by corporate insiders.

About Galiano Gold

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.