Galiano Gold Inc. (TSE:GAU) Director Acquires C$52,000.00 in Stock

Galiano Gold Inc. (TSE:GAU) Director Paul Nicholas Wright bought 50,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was bought at an average cost of C$1.04 per share, for a total transaction of C$52,000.00.

Paul Nicholas Wright also recently made the following trade(s):

• On Monday, May 20th, Paul Nicholas Wright sold 100,000 shares of Galiano Gold stock. The shares were sold at an average price of C$1.72, for a total transaction of C$172,000.00.

Galiano Gold Price Performance

GAU stock traded up C$0.03 during trading on Wednesday, hitting C$2.40. The company had a trading volume of 199,319 shares, compared to its average volume of 235,887. The firm has a market capitalization of C$609.91 million, a price-to-earnings ratio of 30.00, a P/E/G ratio of 0.15 and a beta of 1.03. The company has a current ratio of 2.49, a quick ratio of 15.77 and a debt-to-equity ratio of 10.81. The business has a 50 day moving average of C$2.31 and a 200 day moving average of C$1.76. Galiano Gold Inc. has a fifty-two week low of C$0.71 and a fifty-two week high of C$2.58.

Galiano Gold (TSE:GAU) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.03). Galiano Gold had a net margin of 40.49% and a return on equity of 6.24%. The company had revenue of C$42.73 million during the quarter. As a group, research analysts predict that Galiano Gold Inc. will post 0.2255435 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on GAU. BMO Capital Markets raised their price target on shares of Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th. Scotiabank raised their target price on Galiano Gold from C$2.00 to C$2.25 in a research report on Thursday, May 23rd.

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.