Galiano Gold Inc. (GAU): Technicals Say You should Hold

Galiano Gold Inc. (AMEX:GAU) saw a downside of -0.48% to close Friday at $0.52 after subtracting $0.0 on the day. The 5-day average trading volume is 348,340 shares of the company’s common stock. It has gained $0.5398 in the past week and touched a new high 3 times within the past 5 days. An average of 876,910 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 498,102.

GAU’s 1-month performance is -13.92% or -$0.0835 on its low of $0.4200 reached on 12/16/22. The company’s shares have touched a 52-week low of $0.36 and high of $0.80, with the stock’s rally to the 52-week high happening on 01/20/22. YTD, GAU has lost -26.19% or -$0.1833 and has reached a new high 4 times. However, the current price is down -35.44% from the 52-week high price.

Valuation Metrics

GAU stock has a beta of 0.81. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.81.

Galiano Gold Inc.’s quick ratio for the period ended June 29 was 16.00, with the current ratio over the same period at 16.00.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GAU to announce $0.02 per share in earnings in its latest quarter, but it posted $0.06, representing a 200.00% surprise. EBITDA for the quarter stood at more than -$2.35 million. GAU stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.3 million, with total debt at $0.36 million.

Let’s look briefly at Galiano Gold Inc. (GAU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 December was 46.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 85.45%.

The stock’s 5-day moving average is $0.5172, reflecting a +10.72% or $0.0500 change from its current price. GAU is currently trading -11.78% above its 20-day SMA, +25.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.29% and SMA200 by-19.06%.

Stochastic %K and %D was 59.87% and 57.98% and the average true range (ATR) pointed at 0.0380. The RSI (14) points at 46.77%, while the 14-day stochastic is at 60.31% with the period’s ATR at 0.0360. The stock’s 9-day MACD Oscillator is pointing at 0.0067 and -0.0014 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Galiano Gold Inc. (AMEX: GAU), BMO Capital Markets upgraded it to a Market perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for GAU stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GAU as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is GAU’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $0.55 and a high of $2.10, with their median price target at $0.63. Looking at these predictions, the average price target given by analysts is for Galiano Gold Inc. (GAU) stock is $0.98.

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