Ruffer LLP Has $23.31 Million Position in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Key Points

• Ruffer LLP increased its stake in Galiano Gold Inc. by 2.7%, owning approximately 18,943,252 shares after purchasing an additional 504,990 shares in the first quarter.
• Galiano Gold Inc. currently has a market capitalization of $351.40 million and its stock is trading at $1.36, with a twelve month low of $1.00 and a high of $1.85.
• Institutional investors own 66.82% of Galiano Gold's stock, indicating significant interest from large investment firms.

Ruffer LLP boosted its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,943,252 shares of the company's stock after buying an additional 504,990 shares during the quarter. Galiano Gold makes up about 0.9% of Ruffer LLP's investment portfolio, making the stock its 25th largest position. Ruffer LLP owned 7.37% of Galiano Gold worth $23,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Two Sigma Advisers LP increased its position in Galiano Gold by 11.4% in the 4th quarter. Two Sigma Advisers LP now owns 155,800 shares of the company's stock valued at $192,000 after acquiring an additional 16,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Galiano Gold by 0.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company's stock valued at $3,372,000 after purchasing an additional 16,677 shares in the last quarter. Sapient Capital LLC raised its position in Galiano Gold by 16.0% in the 1st quarter. Sapient Capital LLC now owns 287,394 shares of the company's stock worth $353,000 after purchasing an additional 39,700 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Galiano Gold during the 4th quarter worth $54,000. Finally, Aegis Financial Corp lifted its holdings in Galiano Gold by 3.6% during the 1st quarter. Aegis Financial Corp now owns 2,478,831 shares of the company's stock worth $3,049,000 after buying an additional 86,532 shares in the last quarter. Institutional investors own 66.82% of the company's stock.

Galiano Gold Price Performance

Shares of GAU stock traded up $0.02 during trading hours on Friday, reaching $1.52. The company had a trading volume of 1,387,310 shares, compared to its average volume of 1,075,354. Galiano Gold Inc. has a 1-year low of $1.00 and a 1-year high of $1.85. The firm has a market cap of $392.74 million, a price-to-earnings ratio of -21.71 and a beta of 0.57. The company has a 50 day moving average of $1.40 and a 200 day moving average of $1.31.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.