Galiano Gold (TSE:GAU) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Galiano Gold Inc. (TSE:GAU) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$3.20 and traded as high as C$3.30. Galiano Gold shares last traded at C$3.22, with a volume of 330,240 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$5.50 price objective on Galiano Gold and gave the company a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$5.50.

Galiano Gold Trading Up 1.3%

The firm has a market capitalization of C$843.81 million, a P/E ratio of 5.65, a PEG ratio of 0.15 and a beta of 2.65. The business’s 50 day moving average is C$3.00 and its two-hundred day moving average is C$3.20. The company has a quick ratio of 15.77, a current ratio of 1.36 and a debt-to-equity ratio of 20.09.

Galiano Gold (TSE:GAU) last announced its earnings results on Thursday, November 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$245.06 million during the quarter. Galiano Gold had a net margin of 23.06% and a return on equity of 52.23%.

Insider Buying and Selling at Galiano Gold

In related news, insider Michael Cardinaels purchased 25,000 shares of Galiano Gold stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of C$2.70 per share, with a total value of C$67,500.00. Following the purchase, the insider owned 45,000 shares in the company, valued at approximately C$121,500. The trade was a 125.00% increase in their position. Corporate insiders own 23.08% of the company’s stock.

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.