Galiano Gold (TSE:GAU) Shares Up 24.1% - Here's What Happened

Key Points

• Galiano Gold Inc. shares surged by 24.1% to C$2.68, with trading volume significantly increasing by 391% compared to its average daily volume.
• The company reported a debt-to-equity ratio of 17.37 and operates the Asanko Gold Mine in Ghana, focusing on sustainable long-term value creation.
• Insider activity included the sale of 52,333 shares by Senior Officer Krista Muhr at an average price of C$2.05, representing a total value of C$107,282.65.

Galiano Gold Inc. (TSE:GAU - ) shares rose 24.1% during trading on Thursday . The company traded as high as C$2.68 and last traded at C$2.68. Approximately 836,822 shares were traded during trading, an increase of 391% from the average daily volume of 170,348 shares. The stock had previously closed at C$2.16.

Galiano Gold Trading Up 24.1%

The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The company has a 50 day simple moving average of C$1.92 and a two-hundred day simple moving average of C$1.85. The firm has a market cap of C$488.39 million, a PE ratio of -826.60, a P/E/G 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 company's stock in a transaction that occurred 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. 23.08% of the stock is currently owned by 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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