Insider Buying: Galiano Gold Inc. (TSE:GAU) Director Acquires C$49,200.00 in Stock

Galiano Gold Inc. (TSE:GAU) Director Paul Nicholas Wright acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of C$1.23 per share, with a total value of C$49,200.00.

Galiano Gold Stock Performance

TSE:GAU opened at C$1.79 on Friday. The stock has a market cap of C$326.20 million, a P/E ratio of -552.09, a PEG ratio of 0.15 and a beta of 1.05. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The business’s 50-day moving average price is C$1.76 and its two-hundred day moving average price is C$1.89. Galiano Gold Inc. has a twelve month low of C$1.53 and a twelve month high of C$2.73.

Analyst Ratings Changes

Separately, BMO Capital Markets downgraded shares of Galiano Gold from a “strong-buy” rating to a “hold” rating and cut their price target for the company from C$2.50 to C$1.50 in a report on Wednesday, January 29th.

Galiano Gold Company Profile

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.