Galiano Gold (NYSEAMERICAN:GAU) Trading 0.8% Higher - Here's What Happened

Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report)'s share price rose 0.8% during mid-day trading on Wednesday . The company traded as high as $1.36 and last traded at $1.34. Approximately 651,581 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 925,328 shares. The stock had previously closed at $1.33.

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and set a $2.80 price target on shares of Galiano Gold in a research report on Wednesday, March 19th.

Galiano Gold Price Performance

The stock's 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.31. The stock has a market capitalization of $349.31 million, a P/E ratio of -19.35 and a beta of 0.69.

Institutional Trading of Galiano Gold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. boosted its position in shares of Galiano Gold by 1.5% in the first quarter. Donald Smith & CO. Inc. now owns 26,092,047 shares of the company's stock valued at $32,354,000 after acquiring an additional 383,640 shares during the period. Ruffer LLP grew its position in shares of Galiano Gold by 2.7% in the 1st quarter. Ruffer LLP now owns 18,943,252 shares of the company's stock worth $23,307,000 after buying an additional 504,990 shares during the period. Pale Fire Capital SE purchased a new stake in shares of Galiano Gold in the 1st quarter worth about $4,459,000. Renaissance Technologies LLC boosted its stake in Galiano Gold by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company's stock worth $3,372,000 after purchasing an additional 16,677 shares in the last quarter. Finally, Aegis Financial Corp lifted its stake in Galiano Gold by 3.6% during the 1st quarter. Aegis Financial Corp now owns 2,478,831 shares of the company's stock valued at $3,049,000 after acquiring an additional 86,532 shares during the period. Hedge funds and other institutional investors own 66.82% of the company's stock.

About Galiano Gold

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.