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Galiano Gold (TSE:GAU) Shares Up 19.4% - Here's What Happened

Galiano Gold logo with Basic Materials background

Key Points

  • Galiano Gold Inc. shares surged 19.4% during mid-day trading, reaching a high of C$2.62 before closing at C$2.58, significantly up from the previous close of C$2.16.
  • The stock trading volume increased to 619,555 shares, representing a 268% increase over the average session volume of 168,498 shares.
  • Senior Officer Krista Muhr sold 52,333 shares at an average price of C$2.05, totaling approximately C$107,282, while corporate insiders own 23.08% of the company's stock.
  • Looking to export and analyze Galiano Gold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Galiano Gold Inc. (TSE:GAU - Get Free Report)'s stock price traded up 19.4% during mid-day trading on Thursday . The stock traded as high as C$2.62 and last traded at C$2.58. 619,555 shares traded hands during trading, an increase of 268% from the average session volume of 168,498 shares. The stock had previously closed at C$2.16.

Galiano Gold Trading Up 19.4%

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 company has a fifty day moving average of C$1.92 and a 200-day moving average of C$1.85. The firm has a market capitalization of C$470.16 million, a PE ratio of -795.76, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Insider Activity

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

Galiano Gold Company Profile

(Get Free Report)

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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