Galiano Gold (TSE:GAU) Shares Down 7.6% - Time to Sell?

Key Points

• Galiano Gold's stock experienced a significant decline of 7.6%, closing at C$3.28 after trading as low as C$3.01 on Wednesday, with a trading volume increase of 101%.
• The company's current ratio stands at 1.97, while its debt-to-equity ratio is notably high at 17.37, indicating potential concerns about financial leverage.
• Insider activity was highlighted as Senior Officer Krista Muhr sold 52,333 shares at an average price of C$2.05, suggesting possible confidence issues among executives.

Galiano Gold Inc. (TSE:GAU - )'s stock price fell 7.6% on Wednesday . The stock traded as low as C$3.01 and last traded at C$3.28. 538,548 shares traded hands during mid-day trading, an increase of 101% from the average session volume of 267,517 shares. The stock had previously closed at C$3.55.

Galiano Gold Stock Down 7.9%

The firm's fifty day simple moving average is C$2.36 and its two-hundred day simple moving average is C$2.02. The company has a current ratio of 1.97, a quick ratio of 15.77 and a debt-to-equity ratio of 17.37. The company has a market capitalization of C$845.21 million, a price-to-earnings ratio of -109.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.63.

Insider Activity at Galiano Gold

In other news, Senior Officer Krista Muhr sold 52,333 shares of the company's 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 value of C$107,282.65. Corporate 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.

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