Galiano Gold (TSE:GAU) Trading Up 10.4% – Time to Buy?

Galiano Gold Inc. (TSE:GAU) shares traded up 10.4% during mid-day trading on Friday . The company traded as high as C$4.21 and last traded at C$4.05. 233,095 shares changed hands during trading, a decline of 60% from the average session volume of 577,997 shares. The stock had previously closed at C$3.67.

Analyst Ratings Changes

Separately, Scotiabank upgraded Galiano Gold to a “hold” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Galiano Gold Stock Performance

The stock has a fifty day simple moving average of C$3.73 and a two-hundred day simple moving average of C$3.36. The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of -22.78, a P/E/G ratio of 0.15 and a beta of 1.80.

Galiano Gold (TSE:GAU) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. Galiano Gold had a negative return on equity of 0.26% and a negative net margin of 0.35%.The company had revenue of C$213.44 million for the quarter.

Galiano Gold Company Profile

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.