Galiano Gold (TSE:GAU) Trading 1.1% Higher - Time to Buy?

Galiano Gold Inc. (TSE:GAU - Get Free Report) rose 1.1% during mid-day trading on Tuesday . The company traded as high as C$1.92 and last traded at C$1.90. Approximately 61,034 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 211,318 shares. The stock had previously closed at C$1.88.

Wall Street Analysts Forecast Growth

Separately, Eight Capital set a C$3.50 target price on Galiano Gold and gave the company a "buy" rating in a report on Tuesday, November 19th.

Galiano Gold Stock Up 1.6 %

The firm has a market cap of C$495.86 million, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The firm's 50-day moving average price is C$2.07 and its 200 day moving average price is C$2.17. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59.

Insiders Place Their Bets

In other Galiano Gold news, Director Judith Mosely sold 49,500 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. 23.08% of the stock is owned by insiders.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.