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

Key Points

• Galiano Gold Inc. (TSE:GAU) experienced a significant stock price increase of 24.1%, reaching C$2.68 during trading, with a volume spike of 391% compared to its average.
• The company has a market capitalization of C$488.39 million and a notably high price-to-earnings ratio of -826.60, indicating a potential challenge in profitability.
• Insider activity included a sale of 52,333 shares by Senior Officer Krista Muhr at an average price of C$2.05, contributing to corporate insiders currently holding 23.08% of the company's stock.

Galiano Gold Inc. (TSE:GAU - Get Free Report)'s stock price shot up 24.1% during mid-day trading on Friday . The company traded as high as C$2.68 and last traded at C$2.68. 836,822 shares changed hands during 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 Down 3.8%

The stock has a 50 day moving average price of C$1.97 and a 200-day moving average price of C$1.88. The stock has a market capitalization of C$504.79 million, a P/E ratio of -854.36, a PEG ratio of 0.15 and a beta of 1.05. The company has a debt-to-equity ratio of 17.37, a current ratio of 1.97 and a quick ratio of 15.77.

Insider Activity

In related news, Senior Officer Krista Muhr sold 52,333 shares of the firm'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. 23.08% of the stock is owned by 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.