Galiano Gold (TSE:GAU) Shares Up 24.1% - Should You Buy?

Key Points

• Galiano Gold Inc.'s share price surged 24.1% to C$2.68, significantly increasing in volume by 391% compared to average trading sessions.
• The company's market capitalization is approximately C$488.39 million, with a negative P/E ratio of -826.60.
• Insider selling occurred, with Senior Officer Krista Muhr disposing of 52,333 shares at an average price of C$2.05 on June 13th.

Galiano Gold Inc. (TSE:GAU - Get Free Report) shares rose 24.1% on Friday . The stock traded as high as C$2.68 and last traded at C$2.68. Approximately 836,822 shares traded 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 Trading Down 3.8%

The company has a market capitalization of C$504.79 million, a price-to-earnings ratio of -854.36, a P/E/G ratio of 0.15 and a beta of 1.05. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The company's 50 day simple moving average is C$1.97 and its two-hundred day simple moving average is C$1.88.

Insiders Place Their Bets

In other news, Senior Officer Krista Muhr sold 52,333 shares of Galiano Gold stock in a transaction on Friday, June 13th. The shares were 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 company 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.