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

Key Points

• Galiano Gold Inc. saw a significant share price increase of 24.1% after trading at C$2.68, breaking its previous close of C$2.16 and experiencing a surge in trading volume.
• The company's market capitalization reached C$488.39 million, with a substantial debt-to-equity ratio of 17.37.
• Insider activity was noted as Senior Officer Krista Muhr sold 52,333 shares at an average price of C$2.05, indicating potential changes in insider sentiment.

Galiano Gold Inc. (TSE:GAU - ) shares rose 24.1% during trading on Friday . The stock traded as high as C$2.68 and last traded at C$2.68. Approximately 836,822 shares were traded during 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 Price Performance

The company has a fifty day simple moving average of C$1.93 and a 200 day simple moving average of C$1.86. 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 stock has a market capitalization of C$488.39 million, a price-to-earnings ratio of -826.60, a P/E/G ratio of 0.15 and a beta of 1.05.

Insiders Place Their Bets

In other Galiano Gold news, Senior Officer Krista Muhr sold 52,333 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$2.05, for a total transaction of C$107,282.65. 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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