Galiano Gold (TSE:GAU) Stock Price Up 1.1% – Time to Buy?

Galiano Gold Inc. (TSE:GAU) was up 1.1% during mid-day trading on Tuesday . The stock traded as high as C$1.92 and last traded at C$1.90. Approximately 61,034 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 211,318 shares. The stock had previously closed at C$1.88.

Analysts Set New Price Targets

Separately, Eight Capital set a C$3.50 price target on shares of Galiano Gold and gave the company a “buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Trading Up 1.1 %

The stock has a 50-day simple moving average of C$2.07 and a two-hundred day simple moving average of C$2.17. The company has a debt-to-equity ratio of 18.59, a quick ratio of 15.77 and a current ratio of 2.31. The firm has a market cap of C$488.15 million, a PE ratio of 27.14, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Insider Activity at Galiano Gold

In related news, Director Judith Mosely sold 49,500 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. 23.08% of the stock is owned by insiders.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.