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

Key Points

• Galiano Gold Inc. experienced a significant stock price increase of 24.1%, reaching C$2.68 during trading, driven by a trading volume jump of 391% compared to its average daily volume.
• The company has a market capitalization of C$488.39 million and key financial ratios, such as a quick ratio of 15.77 and a debt-to-equity ratio of 17.37, indicating strong liquidity.
• Insider activity included a sale of 52,333 shares by Senior Officer Krista Muhr at an average price of C$2.05, reflecting the ownership of 23.08% of the company's stock by insiders.

Galiano Gold Inc. (TSE:GAU - )'s stock price rose 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 were traded 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 Performance

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 has a 50 day moving average of C$1.92 and a 200 day moving average of C$1.85. The firm has a market cap of C$488.39 million, a price-to-earnings ratio of -826.60, a PEG ratio of 0.15 and a beta of 1.05.

Insider Activity at Galiano Gold

In related news, Senior Officer Krista Muhr sold 52,333 shares of the business's 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. Company insiders own 23.08% of the company's stock.

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.

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