Galiano GoldNYSE American: GAU

Investors need to pay close attention to Galiano Gold (GAU) stock based on the movements in the options market lately.

Here's the ugly truth about unpopular penny stocks to buy: statistically, they're more than likely to prove naysayers right. Yes, I know, I'm contradicting the title of my own narrative.

Practically by default, your typical financial advisor will steer you clear of micro-cap stock surprises in favor of large-capitalization enterprises. Yes, the blue chips are reliable and dependable but this underlying predictability often comes at a cost: usually, you're not going to get rich off of them.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Galiano's (GAU) Q3 earnings improve year over year, reflecting its share in the net earnings of its Asanko Gold Mine joint venture.

Gold revenue was $64.066 million, generated from 32,912 gold ounces sold at an average realized price of $1,944/oz for the quarter. Full-year gold production guidance has been revised upward from 100K Au Oz to 120K Au Oz to 120K Au Oz to 130K Au Oz. I recommend buying GAU between $0.587 and $0.58 with possible lower support at $0.55.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.