Galiano Gold (TSE:GAU) Shares Up 4.2% - Should You Buy?

Key Points

• Galiano Gold Inc. shares have increased by 4.2%, reaching a last trading price of C$3.98 with significant trading volume of over 1.54 million shares.
• The company has a market capitalization of C$1.03 billion and a relatively high debt-to-equity ratio of 17.37, indicating substantial leverage.
• Insider Maciej Badylak sold 123,000 shares at an average price of C$3.14, reducing his stake by 42.33%, while corporate insiders own 23.08% of the company's stock.

Galiano Gold Inc. (TSE:GAU - )'s share price rose 4.2% during mid-day trading on Tuesday . The stock traded as high as C$4.05 and last traded at C$3.98. Approximately 1,540,706 shares changed hands during trading, an increase of 339% from the average daily volume of 351,138 shares. The stock had previously closed at C$3.82.

Galiano Gold Trading Up 4.2%

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's fifty day simple moving average is C$3.12 and its 200-day simple moving average is C$2.31. The company has a market capitalization of C$1.03 billion, a P/E ratio of -132.67, a PEG ratio of 0.15 and a beta of 1.74.

Insider Buying and Selling at Galiano Gold

In other news, insider Maciej Badylak sold 123,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of C$3.14, for a total value of C$386,220.00. Following the sale, the insider directly owned 167,590 shares in the company, valued at approximately C$526,232.60. This trade represents a 42.33% decrease in their position. Corporate insiders own 23.08% of the company's stock.

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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