Galiano Gold (TSE:GAU) Trading Up 6% – Time to Buy?

Shares of Galiano Gold Inc. (TSE:GAU) shot up 6% on Thursday . The stock traded as high as C$2.92 and last traded at C$2.81. Approximately 492,328 shares were traded during trading, a decline of 12% from the average session volume of 558,112 shares. The stock had previously closed at C$2.65.

Wall Street Analyst Weigh In

Separately, Freedom Capital raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Galiano Gold presently has a consensus rating of “Buy”.

Galiano Gold Stock Performance

The stock’s 50-day simple moving average is C$3.08 and its 200-day simple moving average is C$3.53. The stock has a market cap of C$734.01 million, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 0.15 and a beta of 2.34. The company has a current ratio of 0.97, a quick ratio of 15.77 and a debt-to-equity ratio of 12.71.

Galiano Gold (TSE:GAU) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$231.52 million during the quarter. Galiano Gold had a net margin of 5.57% and a return on equity of 13.11%.

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.