AMEX:GAU   Galiano Gold Inc
Galiano Gold Inc. provides mining services. It principally explores and develops gold fields. The company currently operates and manages the Asanko Gold Mine, located in Ghana , West Africa which is jointly owned with Gold Fields Ltd. Galiano Gold Inc. , formerly known as Asanko Gold Inc ., is based in VANCOUVER.
LETS TAKE A DEEP LOOK
They have actually just signed off on an additional $10.00m of explanation budget to deliver some additional economic ounces , great company good planning and enough cash to be able to give them the opportunity that they need .

$68.00m in cash at the end of Q2 with NO debt .

CEO McCunn Said: " I want to move myself from producing ounces to producing CASH , focusing on generate cashflow" .

Valuation :
The shares are trading at a P/E multiple of 7.24X, which is below their median of 9.86X over the past year. So the shares are undervalued.

using financial modeling to determine the fair value ( DCF EBITDA / P/E MULTIPLE / REVENUE MULTIPLE )
BEARISH CASE 1.72$
NORMAL CASE 1.86$
BULLISH CASE 2.01$
Using technical analysis ( Fibonacci Projection / EX. and ret.)

Summary NOW its a suitable entry take profit at 2.0 in short term .
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.