Galiano Gold (TSE:GAU) Sets New 1-Year High – Here’s Why

Galiano Gold Inc. (TSE:GAU) reached a new 52-week high on Wednesday . The stock traded as high as C$4.57 and last traded at C$4.54, with a volume of 246008 shares trading hands. The stock had previously closed at C$4.40.

Analysts Set New Price Targets

Separately, Scotiabank raised Galiano Gold to a “hold” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Galiano Gold Stock Up 5.2%

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 business’s fifty day moving average price is C$3.84 and its 200 day moving average price is C$3.48. The company has a market capitalization of C$1.20 billion, a P/E ratio of -42.09, a P/E/G ratio of 0.15 and a beta of 1.80.

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

About Galiano Gold

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.