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Galiano Gold (TSE:GAU) Shares Up 24.1% - Still a Buy?

Galiano Gold logo with Basic Materials background

Key Points

  • Galiano Gold Inc. shares surged by 24.1%, reaching a trading price of C$2.68, with an unusually high trading volume of 836,822 shares compared to the average of 170,348 shares.
  • The company has a market cap of C$488.39 million and notable financial ratios including a P/E ratio of -826.60 and a current ratio of 1.97.
  • Insider trading activity includes Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05, indicating 23.08% of the stock is owned by insiders.
  • Want stock alerts on Galiano Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Galiano Gold Inc. (TSE:GAU - Get Free Report) shares were up 24.1% during trading on Thursday . The stock traded as high as C$2.68 and last traded at C$2.68. Approximately 836,822 shares changed hands during mid-day 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 Stock Up 4.5%

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 market cap of C$510.25 million, a PE ratio of -863.61, a PEG ratio of 0.15 and a beta of 1.05. The firm has a fifty day simple moving average of C$1.95 and a 200 day simple moving average of C$1.87.

Insider Buying and Selling

In other Galiano Gold 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 value of C$107,282.65. 23.08% of the stock is owned by company insiders.

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.

Further Reading

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