Galiano Gold Inc (AMEX: GAU)’s stock price has gone decline by -0.38 in comparison to its previous close of 1.54, however, the company has experienced a -2.29% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-08-08 that VANCOUVER, BC, Aug. 8, 2024 /PRNewswire/ – Galiano Gold Inc. (“Galiano” or the “Company”) (TSX: GAU) (NYSE American: GAU) is pleased to report its second quarter (“Q2”) 2024 production and financial results, as well as a significant increase to the Abore deposit Mineral Reserve estimate (effective June 30, 2024). Galiano owns a 90% interest in the Asanko Gold Mine (“AGM”) located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa.
Is It Worth Investing in Galiano Gold Inc (AMEX: GAU) Right Now?
Galiano Gold Inc (AMEX: GAU) has a higher price-to-earnings ratio of 40.05x compared to its average ratio. GAU has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GAU is 194.67M, and currently, short sellers hold a 0.24% ratio of that float. The average trading volume of GAU on August 29, 2024 was 1.10M shares.
GAU’s Market Performance
The stock of Galiano Gold Inc (GAU) has seen a -2.29% decrease in the past week, with a -15.71% drop in the past month, and a -15.71% fall in the past quarter. The volatility ratio for the week is 4.20%, and the volatility levels for the past 30 days are at 7.29% for GAU. The simple moving average for the past 20 days is -0.06% for GAU’s stock, with a 18.86% simple moving average for the past 200 days.
GAU Trading at -8.53% from the 50-Day Moving Average
After a stumble in the market that brought GAU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.29% of loss for the given period.
Volatility was left at 7.29%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares sank -12.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.14% lower at present.
During the last 5 trading sessions, GAU fell by -1.91%, which changed the moving average for the period of 200-days by +196.15% in comparison to the 20-day moving average, which settled at $1.5245. In addition, Galiano Gold Inc saw 63.22% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GAU
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.27 for the gross margin
The net margin for Galiano Gold Inc stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 4.46, with 2.85 for asset returns.
Based on Galiano Gold Inc (GAU), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.3. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 6.74.
Currently, EBITDA for the company is -17.47 million with net debt to EBITDA at -2.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.31.
Conclusion
To put it simply, Galiano Gold Inc (GAU) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
