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GAU - Galiano Gold: Valuation Improving After The Drop
Galiano Gold Inc.
Galiano Gold (GAU) investors have sat through a rollercoaster ride the past few years as the stock was the second worst-performer coming off the 2016 highs with a 95% drop, but has since recouped one-fourth of its bear market losses. The catalyst for improved performance has been several quarters of improving operations. While Galiano reported record gold production in Q2, the stock has slid by more than 20%, given that it was extremely overbought heading into the report. Fortunately, this sharp correction has relieved the overbought condition and significantly improved the valuation, with