Sean Gregersen Sells 37,334 Shares of Galiano Gold (TSE:GAU) Stock

Galiano Gold Inc. (TSE:GAU) insider Sean Gregersen sold 37,334 shares of Galiano Gold stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$2.92, for a total value of C$109,015.28.

Galiano Gold Stock Up 2.3%

Galiano Gold stock opened at C$3.12 on Friday. The company has a debt-to-equity ratio of 23.50, a quick ratio of 15.77 and a current ratio of 1.23. The firm has a market capitalization of C$816.17 million, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 0.15 and a beta of 2.43. Galiano Gold Inc. has a fifty-two week low of C$2.35 and a fifty-two week high of C$4.91. The stock’s fifty day moving average is C$2.73 and its two-hundred day moving average is C$3.26.

Galiano Gold (TSE:GAU) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Galiano Gold had a return on equity of 28.60% and a net margin of 11.96%.The business had revenue of C$222.45 million during the quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Freedom Capital raised shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Canaccord Genuity Group set a C$5.50 target price on Galiano Gold and gave the company a “buy” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$5.50.

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.