Galiano Gold (TSE:GAU) Shares Up 1.7% - What's Next?

Galiano Gold Inc. (TSE:GAU - Get Free Report)'s share price rose 1.7% during trading on Wednesday . The company traded as high as C$1.80 and last traded at C$1.79. Approximately 23,725 shares changed hands during trading, a decline of 88% from the average daily volume of 204,655 shares. The stock had previously closed at C$1.76.

Analysts Set New Price Targets

Separately, Eight Capital set a C$3.50 price objective on Galiano Gold and gave the stock a "buy" rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Up 5.6 %

The business's 50 day simple moving average is C$2.02 and its 200 day simple moving average is C$2.10. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. The firm has a market capitalization of C$485.58 million, a PE ratio of 27.00, a PEG ratio of 0.15 and a beta of 1.05.

Insiders Place Their Bets

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

About Galiano Gold

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.