What changed

Recent filings, trades and moves

Oct 15 Short interest up 13% to 4.0M shares

Key stats

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$2.67

52-Week Range: $1.66 – $3.62
YTD: +4.10%
IV Rank (30D): 23.26
Straddle Price: $0.55
P/C Vol Ratio: 0.43
Market Cap: $0.7B
Open: $2.58
Day Range: $2.56 – $2.70
Volume: 3,568,897
Prev Close: $2.50

Fair Value

MODEL: SHORT

? Fair Value Guide Model inputs

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.

10-yr Treasury (rf)	4.90%
Beta vs SPY	0.94
Cost of Equity (CAPM)	9.61% (VRP-adj)
WACC	9.87%
Volatility Risk Premium	+121.3pp (IV − HV30)
Effective Tax Rate	21.0%
Rev. Growth (YoY, DCF input)	+3.0%
DCF Horizon	5 years explicit + fade
Forward Tilt (NTM/TTM)	×1.03 (applied to P/E, EV/EBITDA, P/S)
Book / Price	34.3% — banking bias active (P/B is primary)
Debt / Equity	0.00
Quality Score	1/6 — cyclical/struggling (5y DCF)
SMA 50	$2.11 (Market Anchor value)
SMA 20 / Bollinger Mid	$2.12
Bollinger Width / SMA20	26.8% (drives anchor stability)
Net Debt	$-0.1B
Market Cap	$1B

Peers used for multiples: AEM, AGI, B, CDE, EQX, IAG, NEM, WPM

60-Day Conviction

75%

20-Day Fair Value

≈ by Dec 8, 2026

$2.62

α -1.6% rank 66%

conviction

84%

40-Day Fair Value

≈ by Jan 6, 2027

$2.65

α -0.6% rank 66%

conviction

22%

60-Day Fair Value

≈ by Feb 4, 2027

$2.57

α -3.4% rank 66%

conviction

75%

Method	Implied Price	Weight	Detail
DCF	n/a	0%
DDM (Gordon)	n/a	0%
Peer P/E	n/a	0%
Peer EV/EBITDA	n/a	0%	median 8.2× · 3 peers
Peer P/B	$3.65	49%	median 4.3× · 4 peers
Peer P/S	n/a	0%	median 7.9× · 4 peers
Market Anchor (SMA50)	$2.11	51%	stability 16% (BB-width)
Options Expected (B-L 30d)	n/a	0%

As of 2026-11-09 · updated Nov 9, 3:35 PM ET

Industry (SIC): MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) (1400) · industry map
Exchange: XASE
Market Cap: $0.7B
Employees: 414
List Date: 2008-01-02
CIK: 0001377757
Homepage: https://www.galianogold.com

Galiano Gold Inc is focused on building a sustainable business capable of long term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and disciplined deployment of its financial resources. The company currently operates and manages: Nkran, Esaase, Abore and Miradani North, multiple satellite deposits and exploration projects located on the Asankrangwa Gold Belt in the Amansie West District of the Republic of Ghana (Ghana), West Africa.

ETF Profile

Asset Allocation

Top Holdings

Symbol	Name	Weight %	Asset Class	Country

Geographic Breakdown

Summary

—

composite

—

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart

Seasonality

Month	'21	'22	'23	'24	'25	'26	Avg
Jan	-8.66%	-2.82%	15.53%	-6.95%	-14.50%	3.91%	-2.25%
Feb	-9.52%	-9.18%	-14.51%	-0.75%	-0.88%	31.84%	-0.50%
Mar	0.90%	-10.84%	10.08%	34.62%	7.83%	-29.69%	2.15%
Apr	9.32%	-15.41%	-0.78%	15.94%	14.66%	-11.11%	2.10%
May	-4.32%	-12.52%	-10.71%	8.24%	1.52%	0.00%	-2.96%
Jun	-19.85%	-0.47%	0.48%	-2.82%	-11.81%	-16.89%	-8.56%
Jul	-5.61%	1.95%	3.85%	5.20%	2.31%	-9.61%	-0.32%
Aug	-16.27%	16.47%	5.29%	-16.57%	59.56%	27.68%	12.69%
Sep	-16.56%	2.11%	-8.46%	1.43%	-5.19%	-9.77%	-6.07%
Oct	6.12%	-6.69%	-8.67%	18.75%	6.70%	-0.51%	2.62%
Nov	-5.26%	13.22%	24.25%	-16.57%	3.40%	35.97%*	9.17%
Dec	-4.14%	-12.31%	40.12%	-7.52%	4.55%	--	4.14%
Total	-55.57%	-34.90%	54.03%	23.67%	67.48%	0.24%	9.16%

Technical Indicators

? Indicator Guide

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators

SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
+DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.

Momentum Oscillators

RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility

Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
ATR / True Range — average daily $ move; sizing and stop-loss reference.
HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $2.15

SMA 50: $2.12

SMA 200: $2.32

Current: $2.67

EMA 12: $2.21

EMA 26: $2.15

MACD: 0.0577 | Signal: 0.0532

BULLISH

ADX (14): 18.03

RANGE

+DI: 40.10

−DI: 17.73

Momentum Oscillators

RSI (14): 69.91

NEUTRAL

Stoch %K: 81.82

Stoch %D: 58.88

Williams %R: -4.27

Volume & Volatility

BB Upper: $2.52

BB Lower: $1.78

OVERBOUGHT

OBV: 88,890,440

Vol SMA 20: 2,626,022

Vol ROC: 46.06%

ATR: $0.15

True Range: $0.20

HV 20: 95.3%

HV 30: 83.6%

HV 60: 72.1%

Data Summary

Data Points: 500

Last Updated: Nov 9, 3:35 PM ET

Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00

AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall Assessment: BEARISH (Confidence Level: 6/10)

Key Drivers:

Bearish MACD signal
Overbought Bollinger Bands
High volatility and risk relative to the market (beta >1.5)

Primary Risks:

Potential for price corrections due to overbought conditions
Increased risk of significant price moves based on high volatility

Investment Thesis:

GAU is experiencing a bullish trend, but recent technical signals suggest a potential pullback or correction. The stock's high beta and volatility indicate increased market risk.

GAU Options Activity & IV Rank

GAU IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 90.0%

7-DTE IV: —

Expected Move: $0.55

7-DTE Move: $0.30

Days to Exp: 39 (2026-12-18)

Options Flow · All expiries

Call Volume: 1,459

Put Volume: 623

P/C Volume: 0.427

BULLISH

Call OI: 13,262

Put OI: 3,038

P/C OI: 0.229

Total OI: 16,300

ATM Options Pricing

ATM Call: $0.33

ATM Put: $0.23

Call %: 12.2%

Put %: 8.4%

Chain Summary

Chain Volume: 2,082

Chain OI: 16,300

Last Updated: 11/9/2026

Options Chain

Loading options chain...

Spread Scanner

Auto Refresh

? Score Guide Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)

Group 1 · Directional Bias (±0.25)

RSI <40 bullish / >60 bearish
MACD crossover + histogram trend
Price vs SMA 50 & SMA 200

Group 2 · Momentum (±0.10)

Stochastic %K <20 / >80
Williams %R <−80 / >−20

Group 3 · Volatility (up to −0.25 / +0.15)

Blended ATR + straddle expected-move penalty
Bollinger Band signal (+ counter-trend penalty)
BB width — vol contraction boost for ICs

Group 4 · IV Regime (±0.15)

IV rank ≥ 75 → strong boost for credit spreads
IV rank < 25 → penalty (selling cheap vol)

Group 5 · Liquidity (penalty up to −0.10)

Min open interest across all legs
OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning

HIGH γ vs HISTORY

Estimated net dealer gamma is at the 99th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile

99%

vs own history

GEX tilt

+0.78

OI-weighted, today

Vanna tilt

-0.94

δ-sensitivity to IV

Charm tilt

+0.90

δ-decay vs time

Vanna tilt -0.94: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.

Charm tilt +0.90: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.

? What is this?

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 5 ATM contracts, 9k total OI

Skew (Wing IV − ATM IV)

DTE:

Wing Δ:

Metric:

? What do these mean

Wing vs ATM

IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.

Risk Reversal

IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.

Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.

14 DTE / 10d —

— pts

No data

30 DTE / 10d —

— pts

No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Skew Metrics per Expiry ? Guide

Risk Reversal (RR)

IV(10% OTM call) − IV(10% OTM put)

Measures the direction of skew — which side the market is paying up for. Expressed as a vol difference in percentage points.

−3% to −10% → mild to moderate put skew. Normal for most large-cap stocks — puts always carry some premium from portfolio hedging demand.
−10% to −20% → strong put skew. Elevated fear, heavy hedging, or an upcoming catalyst (earnings, macro event). Worth noting.
Below −20% → extreme put skew. Stress signal — market aggressively buying downside protection.
−3% to 0% → nearly symmetric. Rare for equities; means the market sees roughly equal up/down risk.
Positive → calls more expensive than puts. Unusual — signals strong upside momentum, short squeeze risk, or takeover speculation.

Butterfly (BF)

½ × (IV call + IV put) − IV ATM

Measures curvature — how much the wings are bid up relative to ATM. Always expressed as a positive number (wing premium). Think of it as the cost of a tail hedge above and beyond the ATM vol.

0% to 2% → flat smile. Market pricing near-normal return distribution, low tail risk.
2% to 5% → moderate wing premium. Some tail risk priced in — typical in earnings cycles or elevated VIX environments.
Above 5% → high curvature. Fat tails aggressively priced — market expects a large move but is uncertain of direction. Very common right before earnings.

Reading them together

RR	BF	Interpretation
-15%	+5%	Strong put skew + fat tails — fear or upcoming catalyst (earnings, FDA)
-5%	+1%	Normal mild put skew, calm market
-20%	+8%	Extreme fear — heavy hedging, major event risk
~0%	+2%	Balanced market, no strong directional bias
+5%	+3%	Call skew — bullish momentum or short squeeze risk

Expiry	DTE	ATM IV	25d Put IV	25d Call IV	Risk Reversal	Butterfly	Interpretation	Strategy Suggestions (hover for rationale)

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)

IV Rank (30 DTE)23.3LowNov 9

Straddle Price (30 DTE)$0.55Nov 9

Beta Analysis

Risk Metrics

Beta: 2.2098

Alpha: 22.36%

Correlation: 0.4430

R-Squared: 19.6%

Stock Volatility: 68.8%

Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days

Interpretation:
High volatility - stock moves more than market

Beta & Alpha Over Time

Notable investors who own GAU

5 of 37 tracked investors

Investor	Value	Share of their portfolio	Rank	Q/Q shares	Source
Renaissance Technologies Hedge fund Jim Simons	$8.2M	0.01%	#1167 of 3138	-12.6%	13F
Millennium Management Hedge fund Izzy Englander	$2.6M	0.00%	#2425 of 3716	+35.8%	13F
Point72 Hedge fund Steve Cohen	$1.0M	0.00%	#1482 of 1945	+2.2%	13F
Citadel Hedge fund Ken Griffin	$731K	0.00%	#4053 of 6285	-55.7%	13F
Rockefeller Capital Management Family office Rockefeller family	$11K	0.00%	#3971 of 4729	+20.0%	13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

GAU Institutional Ownership (13F)

Filings for 2026-06-30 · 26 already for 2026-09-30

? 13F Guide Diluted shares outstanding: 258,375,097 (as of 2025-12-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

Shares — long equity positions in this name, aggregated across share classes.
Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
% of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

96 filers145,034,302 shares$271.57M value56.13% of float

#	Filer	Shares	Value	% of Total	% of Float	Period
1	DONALD SMITH & CO., INC.	26,339,874	$49.26M	18.14%	10.19%	2026-06-30
2	AEGIS FINANCIAL CORP	14,125,317	$26.39M	9.72%	5.47%	2026-06-30
3	Ruffer LLP	12,994,532	$24.25M	8.93%	5.03%	2026-06-30
4	Franklin Resources, Inc. Custodian	11,942,322	$22.29M	8.21%	4.62%	2026-06-30
5	Equinox Partners Investment Management LLC	9,357,961	$17.47M	6.43%	3.62%	2026-06-30
6	American Century Companies, Inc.	7,784,725	$14.55M	5.36%	3.01%	2026-06-30
7	Connor, Clark & Lunn Investment Management Ltd.	6,323,862	$11.80M	4.35%	2.45%	2026-06-30
8	Arrowstreet Capital, Limited Partnership	5,595,367	$10.45M	3.85%	2.17%	2026-06-30
9	Pale Fire Capital SE	5,036,654	$9.42M	3.47%	1.95%	2026-06-30
10	Van Eck Associates Corp	4,581,447	$8.55M	3.15%	1.77%	2026-06-30
11	RENAISSANCE TECHNOLOGIES LLC	4,373,588	$8.18M	3.01%	1.69%	2026-06-30
12	Two Sigma Investments, LP Custodian	3,919,488	$7.33M	2.70%	1.52%	2026-06-30
13	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	3,500,000	$6.52M	2.40%	1.35%	2026-06-30
14	D. E. Shaw & Co., Inc. Custodian	3,385,300	$6.32M	2.33%	1.31%	2026-06-30
15	ACADIAN ASSET MANAGEMENT LLC	3,077,792	$5.74M	2.11%	1.19%	2026-06-30
16	Man Group plc	2,184,377	$4.08M	1.50%	0.85%	2026-06-30
17	Polunin Capital Partners Ltd	1,834,017	$3.85M	1.42%	0.71%	2026-09-30
18	Bank of Montreal Custodian	1,973,681	$3.68M	1.36%	0.76%	2026-06-30
19	Dimensional Fund Advisors LP Custodian	1,585,223	$3.08M	1.13%	0.61%	2026-09-30
20	Morgan Stanley Custodian	1,641,182	$3.07M	1.13%	0.64%	2026-06-30
21	Jane Street Group, LLC Custodian	1,554,405	$2.91M	1.07%	0.60%	2026-06-30
22	Millennium Management LLC Custodian	1,406,326	$2.63M	0.97%	0.54%	2026-06-30
23	Goldman Sachs Group Inc Custodian	1,178,212	$2.20M	0.81%	0.46%	2026-06-30
24	TORONTO DOMINION BANK	910,655	$1.70M	0.63%	0.35%	2026-06-30
25	Russell Investments Group, Ltd. Custodian	591,510	$1.15M	0.42%	0.23%	2026-09-30

5 filers$890.82K notional

#	Filer	Notional Value	% of Total	Period
1	GROUP ONE TRADING LLC Custodian	$247.59K	27.79%	2026-06-30
2	Citadel Advisors LLC Custodian	$224.40K	25.19%	2026-06-30
3	Simplex Trading, LLC Custodian	$211.27K	23.72%	2026-09-30
4	Susquehanna International Group, LLP Custodian	$142.31K	15.97%	2026-06-30
5	Jane Street Group, LLC Custodian	$65.26K	7.33%	2026-06-30

6 filers$475.11K notional

#	Filer	Notional Value	% of Total	Period
1	Susquehanna International Group, LLP Custodian	$178.59K	37.59%	2026-06-30
2	Citadel Advisors LLC Custodian	$104.53K	22.00%	2026-06-30
3	Simplex Trading, LLC Custodian	$98.16K	20.66%	2026-09-30
4	IMC-Chicago, LLC Custodian	$50.63K	10.66%	2026-09-30
5	Jane Street Group, LLC Custodian	$22.25K	4.68%	2026-06-30
6	GROUP ONE TRADING LLC Custodian	$20.94K	4.41%	2026-06-30

GAU Insider Trading (Form 4)

Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.

Filed	Reporter	Role	Action	Shares	Avg Price	Net $	Link

Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

GAU Proposed Insider Sales (Form 144)

Recent SEC Filings

Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).

Filing Date	Event	Link

Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.

Filing Date	Accession	Link

Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.

Filing Date	Accession	Link

ETF Holders

7 ETFs hold GAU

7 shown · $9.68M total exposure · 0.03% AUM-weighted avg weight

#	ETF	Provider	Weight	$ Exposure	ETF AUM	As Of
1	GDXJ VanEck Junior Gold Miners ETF	VanEck	0.11%	$8.7M	$7.9B	2026-11-05
2	DISV Dimensional International Small Cap Value ETF	Dimensional	0.01%	$448,774	$5.0B	2026-11-05
3	GWX State Street® SPDR® S&P® International Small Cap ETF	SPDR (State Street)	0.04%	$396,851	$896.1M	2026-11-05
4	DFIS Dimensional International Small Cap ETF	Dimensional	0.00%	$85,525	$5.7B	2026-11-05
5	DFIC Dimensional International Core Equity 2 ETF	Dimensional	0.00%	$70,853	$15.1B	2026-11-05
6	DXIV Dimensional International Vector Equity ETF	Dimensional	0.01%	$21,200	$231.4M	2026-11-05
7	AUAU Global X Gold Miners ETF	Global X	0.07%	$4,105	—	2026-11-06

Fundamentals

? Fundamentals Guide

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics

Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.

How to read the bars

Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
YoY growth — compare to the same quarter a year earlier to remove seasonality.
Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E

—

TTM Diluted EPS

—

TTM Revenue

—

TTM Net Income

—

TTM Op. Cash Flow

—

Quarterly figures (6 quarters)

Quarter	Period End	Revenue	Net Income	Diluted EPS	Op. Cash Flow
Q4 '25	2025-12-31	—	—	—	—
Q4 '24	2024-12-31	—	—	—	—
Q4 '23	2023-12-31	—	—	—	—
Q4 '22	2022-12-31	—	—	—	—
Q4 '21	2021-12-31	—	—	—	—
Q4 '20	2020-12-31	—	—	—	—

Q4 2025 • period ending 2025-12-31 • filed 2026-03-12

Valuation

? Valuation Guide

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples

P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
EV/Sales — like P/S but accounts for debt + cash. Compare within sector.

Profitability & Yields

ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.

Balance Sheet

Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.

Reading the history chart

Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
Multiples expanding while earnings are flat = sentiment-driven rally.
Multiples compressing while earnings grow = value coming from fundamentals.

Metric:

GAU vs Peers

Related companies, largest first

Company	Market cap	P/E	Revenue growth	YTD	IV rank
NEM Newmont Corporation	$125.6B	14.7	+23.7%	+24.5%	31
AEM Agnico Eagle Mines Ltd.	$96.8B	—	—	+18.0%	42
B Barrick Mining Corporation	$66.8B	—	—	−3.3%	28
WPM Wheaton Precious Metals Corp. Common Sto	$61.9B	—	—	+22.4%	35
CDE Coeur Mining, Inc.	$15.8B	18.3	+111.7%	−5.1%	11
EQX Equinox Gold Corp.	$13.4B	—	—	−11.4%	96
AGI Alamos Gold Inc. Class A Common Shares	$13.3B	—	—	−14.9%	16
IAG IAMGold Corporation	$10.6B	—	—	+22.4%	28
GAU Galiano Gold Inc.	$654M	—	—	+4.1%	23
Peer median	$38.9B	16.5	+67.7%	+7.3%	30

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

? Short Interest Guide

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions

Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
SI % of Float — short interest / free float. The key crowding metric.
Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
Free Float — shares available for public trading (total shares minus insider / restricted).
Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.

How to read the signals

SI % of Float < 5% — typical, no particular signal.
5–15% — elevated; watch for catalysts (earnings, guidance, macro).
15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
>30% — extreme; borrow is likely expensive and squeeze risk is material.
Days to Cover > 5 combined with high SI% amplifies squeeze potential.

History chart

Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest

3.95M

SI % of Float

1.51%

Days to Cover

1.37

Short Vol Ratio

31.1%

Free Float

262.05M

Float %

100.0%

Metric:

Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-10-02

Constituent Performance

Select Timeframe:

Click any bar to view the full quote for that stock.

Constituents

Symbol	Name	Weight %	Price	1 Day	1 Week	1 Month

GAU Galiano Gold Inc.

What changed

Trend Indicators

Momentum Oscillators

Volume & Volatility

Data Summary

GAU Options Activity & IV Rank

Volatility Metrics

Options Flow · All expiries

ATM Options Pricing

Chain Summary

Risk Metrics

Analysis Details

GAU Institutional Ownership (13F)

GAU Insider Trading (Form 4)

GAU Proposed Insider Sales (Form 144)

GAU vs Peers