Galiano Gold (TSE:GAU) PT Set at C$3.50 by Eight Capital

Galiano Gold (TSE:GAU) has been assigned a C$3.50 target price by equities research analysts at Eight Capital in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Eight Capital’s price objective would indicate a potential upside of 74.13% from the stock’s current price.

Galiano Gold Trading Down 1.0 %

Shares of TSE GAU traded down C$0.02 during midday trading on Tuesday, hitting C$2.01. The company’s stock had a trading volume of 422,587 shares, compared to its average volume of 215,277. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. The business’s 50 day moving average is C$2.07 and its two-hundred day moving average is C$2.20. Galiano Gold has a 12-month low of C$0.82 and a 12-month high of C$2.73. The firm has a market cap of C$516.41 million, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Insider Transactions at Galiano Gold

In other Galiano Gold news, Director Judith Mosely sold 49,500 shares of the firm’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. Company insiders own 23.08% of the company’s stock.

About Galiano Gold

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.