Galiano Gold (TSE:GAU) Insider Sells C$109,015.28 in Stock

Galiano Gold Inc. (TSE:GAU) insider Sean Gregersen sold 37,334 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$2.92, for a total value of C$109,015.28.

Galiano Gold Stock Up 2.9%

Shares of TSE GAU opened at C$3.21 on Friday. The stock has a market cap of C$839.71 million, a P/E ratio of 11.89, a PEG ratio of 0.15 and a beta of 2.43. The company has a current ratio of 1.23, a quick ratio of 15.77 and a debt-to-equity ratio of 23.50. Galiano Gold Inc. has a 12-month low of C$2.35 and a 12-month high of C$4.91. The business’s fifty day simple moving average is C$2.74 and its 200-day simple moving average is C$3.26.

Galiano Gold (TSE:GAU) last released its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Galiano Gold had a return on equity of 28.60% and a net margin of 11.96%.The firm had revenue of C$222.45 million during the quarter.

Wall Street Analysts Forecast Growth

GAU has been the subject of a number of analyst reports. Canaccord Genuity Group set a C$5.50 price objective on Galiano Gold and gave the stock a “buy” rating in a research report on Thursday, August 13th. Freedom Capital upgraded shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Galiano Gold presently has an average rating of “Buy” and a consensus target price of C$5.50.

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.