Do You Think It Is A Good Idea To Invest In Galiano Gold Inc. (GAU)?

The stock of Galiano Gold Inc. (AMEX:GAU) decreased by $0.0 on Friday to finish at $0.52, up 0.46 percent. The last five days have seen an average of 306,000 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$0.1798. The average number of shares traded over the last 20 days was 884,325, while the average volume over the last 50 days totaled 505,556.

GAU stock dropped -7.18% since last month. On 12/16/22, the company’s shares reached a one-month low of $0.4200. The stock touched a high of $0.80 on 01/20/22, after rallying from a low of $0.36 in 52 weeks. The price of GAU stock has declined by -25.69% or -$0.1798 this year, reaching a new high 4 times. Still, the stock price is down -35.00% from the 52-week high.

Financial Health

For the three months ended September 29, Galiano Gold Inc.’s quick ratio was 16.00, while its current ratio was 16.00, indicating its ability to pay off its debt.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GAU’s return on assets (ROA) during the last 12 months has been -55.70%. In the meantime, the return on equity (ROE) for the last 12 months was -57.00%.

Earnings Surprise

According to Galiano Gold Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Galiano Gold Inc.’s quarterly earnings would be $0.01, but it ended up being $0. EBITDA was -$2.35 million for the quarter. At the end of Galiano Gold Inc.’s most recent quarter ended September 29, its liabilities totaled 4.3 million, while its total debt was $0.34 million.

Technical Picture

Here’s a quick look at Galiano Gold Inc.’s (GAU) price momentum from a technical perspective. As of 30 December, the RSI 9-day stood at 48.44%, suggesting the stock is Neutral, with a 44.63% historical volatility rate.

The stochastic %K and %D were 69.49% and 65.81% respectively, while the average true range (ATR) was 0.0349. Based on the 14-day stochastic reading of 81.97%, the RSI (14) reading is 48.08%. On the 9-day MACD Oscillator, the stock is at -0.0020.

Analyst Ratings

In its most recent analyst report, BMO Capital Markets raised its rating on Galiano Gold Inc. (AMEX: GAU) to a Market perform. Prior to this, analysts firm rated the stock as an Underperform.

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