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

Key Points

• Galiano Gold shares surged 24.1% during mid-day trading, reaching a high of C$2.68 and marking a significant increase in trading volume by 391% from the average.
• The company has a market capitalization of C$488.39 million and operates the Asanko Gold Mine in Ghana, focusing on sustainable business growth through exploration and acquisitions.
• Insider transactions included Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05, with corporate insiders owning 23.08% of the company’s stock.

Shares of Galiano Gold Inc. (TSE:GAU - Get Free Report) were up 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 Stock Up 2.9%

The firm has a 50 day simple moving average of C$1.97 and a two-hundred day simple moving average of C$1.88. The company has a market capitalization of C$524.83 million, a PE ratio of -888.29, a P/E/G ratio of 0.15 and a beta of 1.05. The company has a current ratio of 1.97, a quick ratio of 15.77 and a debt-to-equity ratio of 17.37.

Insider Activity at Galiano Gold

In other news, Senior Officer Krista Muhr sold 52,333 shares of the firm'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 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.