Galiano Gold (TSE:GAU) Stock Price Down 10.9% - Time to Sell?

Galiano Gold Inc. (TSE:GAU - Get Free Report)'s share price was down 10.9% on Tuesday . The company traded as low as C$1.80 and last traded at C$1.80. Approximately 234,921 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 159,457 shares. The stock had previously closed at C$2.02.

Analysts Set New Price Targets

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

Galiano Gold Trading Down 5.3 %

The business's 50 day moving average price is C$1.74 and its 200-day moving average price is C$1.90. 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 company has a market cap of C$326.20 million, a price-to-earnings ratio of -552.09, a PEG ratio of 0.15 and a beta of 1.05.

Galiano Gold Company Profile

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.