Galiano Gold (TSE:GAU) Reaches New 12-Month High - Here's Why

Key Points

• Galiano Gold Inc. reached a new 52-week high, trading at C$3.66 during Monday's session, with a total volume of 530,361 shares.
• The company has a market capitalization of C$938.26 million and significant liquidity, reflected in its quick ratio of 15.77.
• Insider selling was noted, with Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05 recently.

Galiano Gold Inc. (TSE:GAU - )'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$3.66 and last traded at C$3.66, with a volume of 530361 shares. The stock had previously closed at C$3.51.

Galiano Gold Price Performance

The company has a market cap of C$938.26 million, a PE ratio of -121.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.63. The business's 50 day moving average price is C$2.29 and its 200-day moving average price is C$2.00. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37.

Insider Activity

In other news, Senior Officer Krista Muhr sold 52,333 shares of Galiano Gold stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.05, for a total transaction of C$107,282.65. 23.08% of the stock is owned by corporate insiders.

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.

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