In the latest trading session, 0.72 million Galiano Gold Inc (AMEX:GAU) shares changed hands as the company’s beta touched 1.09. With the company’s most recent per share price at $1.26 changing hands around $0.09 or 8.12% at last look, the market valuation stands at $320.68M. GAU’s last price was a premium, traded about 2.38% off its 52-week high of $1.23. The share price had its 52-week low at $0.52, which suggests the last value was 58.73% up since then. When we look at Galiano Gold Inc’s average trading volume, we note the 10-day average is 0.6 million shares, with the 3-month average coming to 456.78K.
Galiano Gold Inc (AMEX:GAU) trade information
Instantly GAU is in green as seen in intraday trades today. With action 11.95%, the performance over the past five days has been green. The jump to weekly highs of 1.2800 added 8.12% to the stock’s daily price. The company’s shares are showing year-to-date upside of 34.59%, with the 5-day performance at 11.95% in the green. However, in the 30-day time frame, Galiano Gold Inc (AMEX:GAU) is 40.56% up. Looking at the short shares, we see there were 0.17 million shares sold at short interest cover period of 0.58 days.
Galiano Gold Inc (GAU) estimates and forecasts
Data shows that the Galiano Gold Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 86.55% over the past 6 months, a 125.00% in annual growth rate that is considerably higher than the industry average of -0.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Galiano Gold Inc will fall -25.00%. Year-over-year growth is forecast to reach 29.30% up from the last financial year.
Galiano Gold Inc (AMEX:GAU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 26.43% of Galiano Gold Inc shares while 54.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.48%. There are 54.06% institutions holding the Galiano Gold Inc stock share, with Equinox Partners Investment Management, LLC the top institutional holder. As of Dec 30, 2023, the company held 14.02% of the shares, roughly 35.56 million GAU shares worth $44.99 million.
Ruffer LLP holds the second largest percentage of outstanding shares, with 10.40% or 26.38 million shares worth $33.37 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Oct 30, 2023 were Franklin Gold and Precious Metals Fund and DFA International Core Equity Portfolio. With 6.61 million shares estimated at $8.37 million under it, the former controlled 2.61% of total outstanding shares. On the other hand, DFA International Core Equity Portfolio held about 0.29% of the shares, roughly 0.74 million shares worth around $0.93 million.
