Galiano Gold (TSE:GAU) Given a C$3.50 Price Target at Eight Capital

Galiano Gold (TSE:GAU) received a C$3.50 price objective from equities research analysts at Eight Capital in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s target price indicates a potential upside of 74.13% from the company’s current price.

Galiano Gold Stock Performance

GAU traded down C$0.02 during midday trading on Tuesday, reaching C$2.01. The company had a trading volume of 422,587 shares, compared to its average volume of 215,277. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59. The business has a 50-day moving average of C$2.07 and a two-hundred day moving average of C$2.20. The company has a market cap of C$516.41 million, a P/E ratio of 28.71, a P/E/G ratio of 0.15 and a beta of 1.05. Galiano Gold has a 1 year low of C$0.82 and a 1 year high of C$2.73.

Insider Transactions at Galiano Gold

In related news, Director Judith Mosely sold 49,500 shares of the stock in a transaction that occurred 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. Corporate insiders own 23.08% of the company’s stock.

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.