Galiano Gold (TSE:GAU) Hits New 52-Week High - Here's Why

Key Points

• Galiano Gold Inc. shares reached a new 52-week high of C$3.77 during mid-day trading, closing at C$3.63 with a trading volume of 255,465 shares.
• The company has a market cap of C$920.17 million and operates the Asanko Gold Mine in Ghana, focusing on long-term value creation through exploration and acquisitions.
• Insider Maciej Badylak sold 123,000 shares at an average price of C$3.14, reducing his stake by 42.33% to 167,590 shares.

Shares of Galiano Gold Inc. (TSE:GAU - ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.77 and last traded at C$3.63, with a volume of 255465 shares changing hands. The stock had previously closed at C$3.50.

Galiano Gold Stock Up 1.7%

The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The company has a market cap of C$920.17 million, a price-to-earnings ratio of -118.67, a price-to-earnings-growth ratio of 0.15 and a beta of 1.74. The business has a 50-day simple moving average of C$2.86 and a 200-day simple moving average of C$2.21.

Insider Transactions at Galiano Gold

In other Galiano Gold news, insider Maciej Badylak sold 123,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of C$3.14, for a total value of C$386,220.00. Following the sale, the insider owned 167,590 shares of the company's stock, valued at C$526,232.60. This trade represents a 42.33% decrease in their position. 23.08% of the stock is owned by corporate insiders.

About Galiano Gold

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 the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.

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