Galiano Gold (TSE:GAU) Stock Price Up 24.1% - Still a Buy?

Key Points

• Galiano Gold Inc. (TSE:GAU) saw its stock price increase by 24.1% during mid-day trading, reaching C$2.68, significantly above its previous close of C$2.16.
• The company's debt-to-equity ratio stands at 17.37, with a market capitalization of C$488.39 million and a troubling price-to-earnings ratio of -826.60.
• In a recent transaction, Senior Officer Krista Muhr sold 52,333 shares of Galiano Gold stock for approximately C$107,282, reflecting ongoing insider activity amidst the stock's rising value.

Galiano Gold Inc. (TSE:GAU - ) traded up 24.1% during mid-day trading on Friday . The stock 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 company has a debt-to-equity ratio of 17.37, a current ratio of 1.97 and a quick ratio of 15.77. The firm's 50-day moving average price is C$1.93 and its 200 day moving average price is C$1.86. The firm has a market capitalization of C$488.39 million, a price-to-earnings ratio of -826.60, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Insider Buying and Selling

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