Galiano Gold Inc. (AMEX:GAU) shares, rose in value on Friday, 08/26/22, with the stock price down by -1.84% to the previous day’s close as strong demand from buyers drove the stock to $0.49.
Actively observing the price movement in the last trading, the stock closed the session at $0.50, falling within a range of $0.47 and $0.51. The value of beta (5-year monthly) was 0.67 whereas the PE ratio was 2.77 over 12-month period. Referring to stock’s 52-week performance, its high was $0.91, and the low was $0.36. On the whole, GAU has fluctuated by 17.00% over the past month.
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With the market capitalization of Galiano Gold Inc. currently standing at about $114.83 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 09, 2022 – Mar 14, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.02, which is expected to increase to $0.03 for fiscal year $0.01 and then to about $0.02 by fiscal year 2023. Data indicates that the EPS growth is expected to be 103.20% in 2023, while the next year’s EPS growth is forecast to be 100.00%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GAU’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GAU currently trading nearly 6.75% and 16.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.40, while the 7-day volatility ratio is showing 5.84% which for the 30-day chart, stands at 6.15%. Furthermore, Galiano Gold Inc. (GAU)’s beta value is 0.87, and its average true range (ATR) is 0.03.
Data on historical trading for Galiano Gold Inc. (AMEX:GAU) indicates that the trading volumes over the past 10 days have averaged 0.37 million and over the past 3 months, they’ve averaged 304.78K. According to company’s latest data on outstanding shares, there are 224.94 million shares outstanding.
Nearly 3.60% of Galiano Gold Inc.’s shares belong to company insiders and institutional investors own 63.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.58 million shares as on Jul 14, 2022, resulting in a short ratio of 1.76. According to the data, the short interest in Galiano Gold Inc. (GAU) stood at 0.26% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.45 million. The stock has fallen by -29.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GAU stock heading into the next quarter.