Galiano Gold (TSE:GAU) Stock Price Down 10.9% – Here’s What Happened

Galiano Gold Inc. (TSE:GAU) shares fell 10.9% during trading on Tuesday . The company traded as low as C$1.80 and last traded at C$1.80. 234,921 shares traded hands during trading, an increase of 47% from the average session volume of 159,457 shares. The stock had previously closed at C$2.02.

Wall Street Analysts Forecast Growth

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

Galiano Gold Price Performance

The company has a debt-to-equity ratio of 17.37, a current ratio of 1.97 and a quick ratio of 15.77. The company has a market cap of C$344.42 million, a PE ratio of -582.94, a P/E/G ratio of 0.15 and a beta of 1.05. The firm has a 50-day simple moving average of C$1.74 and a two-hundred day simple moving average of C$1.90.

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.