Galiano Gold (TSE:GAU) Stock Price Down 4.5% – Here’s Why

Shares of Galiano Gold Inc. (TSE:GAU) traded down 4.5% on Thursday . The stock traded as low as C$2.53 and last traded at C$2.57. Approximately 835,834 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 534,694 shares. The stock had previously closed at C$2.69.

Analyst Ratings Changes

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

Galiano Gold Stock Performance

The firm has a market capitalization of C$686.99 million, a PE ratio of 23.91, a P/E/G ratio of 0.15 and a beta of 2.44. The company has a debt-to-equity ratio of 12.71, a current ratio of 0.97 and a quick ratio of 15.77. The company’s fifty day simple moving average is C$2.84 and its 200 day simple moving average is C$3.43.

Galiano Gold (TSE:GAU) last issued its earnings results on Wednesday, May 13th. The company reported C$0.15 earnings per share for the quarter. The firm 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%.

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.