Galiano Gold (TSE:GAU) Sets New 52-Week High - Still a Buy?

Key Points

• Galiano Gold Inc. shares reached a new 52-week high, trading at C$2.90 with a current price of C$2.82.
• The company has a market cap of C$524.83 million and notable financial ratios including a debt-to-equity ratio of 17.37 and a P/E ratio of -888.29.
• Insider Krista Muhr sold 52,333 shares at an average price of C$2.05, contributing to the 23.08% of the stock owned by company insiders.

Shares of Galiano Gold Inc. (TSE:GAU - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$2.90 and last traded at C$2.82, with a volume of 116752 shares traded. The stock had previously closed at C$2.80.

Galiano Gold Stock Up 0.7%

The company has a debt-to-equity ratio of 17.37, a current ratio of 1.97 and a quick ratio of 15.77. The firm's 50-day moving average price is C$2.03 and its 200 day moving average price is C$1.91. The firm has a market cap of C$533.94 million, a P/E ratio of -903.71, a PEG ratio of 0.15 and a beta of 1.05.

Insider Activity at Galiano Gold

In other news, Senior Officer Krista Muhr sold 52,333 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$2.05, for a total transaction of C$107,282.65. Insiders own 23.08% of the company's stock.

Galiano Gold Company Profile

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.