Galiano Gold (TSE:GAU) Issues Earnings Results

Galiano Gold (TSE:GAU) issued its earnings results on Thursday. The company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. Galiano Gold had a net margin of 5.57% and a return on equity of 13.11%. The company had revenue of C$222.45 million during the quarter.

Galiano Gold Price Performance

TSE GAU traded up C$0.04 during trading hours on Thursday, reaching C$2.73. The company’s stock had a trading volume of 284,009 shares, compared to its average volume of 529,054. The stock has a market cap of C$713.11 million, a PE ratio of 24.82, a PEG ratio of 0.15 and a beta of 2.43. Galiano Gold has a fifty-two week low of C$2.02 and a fifty-two week high of C$4.91. The company’s 50-day moving average is C$2.74 and its two-hundred day moving average is C$3.35. The company has a debt-to-equity ratio of 12.71, a quick ratio of 15.77 and a current ratio of 0.97.

Analyst Upgrades and Downgrades

Separately, Freedom Capital upgraded Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

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.