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Galiano Gold (TSE:GAU) Stock Price Up 24.1% - Here's What Happened

Galiano Gold logo with Basic Materials background

Key Points

  • Galiano Gold's stock price surged 24.1% on Thursday, reaching C$2.68, with trading volume increasing by 391% compared to the average session.
  • The company has a market capitalization of C$488.39 million and significant insider ownership, with 23.08% of shares held by insiders.
  • Galiano Gold is focused on sustainable long-term value creation, currently operating the Asanko Gold Mine in Ghana, West Africa.
  • Looking to export and analyze Galiano Gold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

The business has a 50-day simple moving average of C$1.92 and a two-hundred day simple moving average of C$1.85. The stock has a market capitalization of C$488.39 million, a P/E ratio of -826.60, a PEG 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.

Insiders Place Their Bets

In other Galiano Gold news, Senior Officer Krista Muhr sold 52,333 shares of the company's stock in a transaction 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 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.

See Also

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