Galiano Gold (TSE:GAU) Shares Up 20.4% - What's Next?

Key Points

• Galiano Gold Inc. shares surged by 20.4% during mid-day trading, reaching C$2.60 compared to a previous close of C$2.16, with trading volume increasing by 317%.
• The company has a market capitalization of C$477.45 million and notable ratios including a current ratio of 1.97 and a debt-to-equity ratio of 17.37.
• Insider trading activity was noted, with Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05.

Galiano Gold Inc. (TSE:GAU - ) shares shot up 20.4% during mid-day trading on Thursday . The company traded as high as C$2.62 and last traded at C$2.60. 706,158 shares changed hands during mid-day trading, an increase of 317% from the average session volume of 169,187 shares. The stock had previously closed at C$2.16.

Galiano Gold Stock Performance

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 stock has a fifty day moving average price of C$1.92 and a 200-day moving average price of C$1.85. The firm has a market capitalization of C$477.45 million, a price-to-earnings ratio of -808.09, a PEG ratio of 0.15 and a beta of 1.05.

Insider Buying and Selling

In other Galiano Gold 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 value of C$107,282.65. Insiders own 23.08% of the company's stock.

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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