Galiano Gold Inc (AMEX:GAU) price on Friday, February 28, fall -3.42% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.13.
A look at the stock’s price movement, the close in the last trading session was $1.17. Turning to its 52-week performance, $2.00 and $0.91 were the 52-week high and 52-week low respectively. Overall, GAU moved -4.24% over the past month.
Galiano Gold Inc’s market cap currently stands at around $290.50 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 77M for the company’s revenue for the quarter, with a low and high estimate of 77M and 77M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 250.4M, representing a -2.39% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GAU is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend GAU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GAU’s current price about -8.20% and -7.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.11, while 7-day volatility ratio is 5.58% and 5.27% in the 30-day chart. Further, Galiano Gold Inc (GAU) has a beta value of 1.03, and an average true range (ATR) of 0.07.
If we refocus on Galiano Gold Inc (AMEX:GAU), historical trading data shows that trading volumes averaged 674.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 256.94 million shares.
The 23.91% of Galiano Gold Inc’s shares are in the hands of company insiders while institutional holders own 56.64% of the company’s shares. Current price change has pushed the stock -8.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GAU stock continues to rise going into the next quarter.
