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

Key Points

• Galiano Gold's stock surged by 24.1% to C$2.68, following significant trading volume of 836,822 shares, which is an increase of 391% from its average volume.
• The company's market capitalization stands at C$488.39 million, with a notable debt-to-equity ratio of 17.37 and a PE ratio of -826.60.
• Insider activity was noted as Senior Officer Krista Muhr sold 52,333 shares at an average price of C$2.05, representing 23.08% ownership by corporate insiders.

Galiano Gold Inc. (TSE:GAU - )'s stock price shot up 24.1% on Thursday . The stock traded as high as C$2.68 and last traded at C$2.68. 836,822 shares changed hands during trading, an increase of 391% from the average session 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 company has a market cap of C$488.39 million, a PE ratio of -826.60, a PEG ratio of 0.15 and a beta of 1.05.

Insider Activity

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

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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