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Galiano Gold (TSE:GAU) Trading 24.1% Higher - Should You Buy?

Galiano Gold logo with Basic Materials background

Key Points

  • Galiano Gold Inc. shares surged by 24.1% during mid-day trading, reaching a price of C$2.68, significantly higher than its previous close of C$2.16.
  • The company's share trading volume jumped by 391%, with 836,822 shares changing hands compared to the average of 170,348 shares.
  • Galiano Gold, which operates the Asanko Gold Mine in Ghana, focuses on sustainable business practices and long-term value creation through exploration and acquisitions.
  • Want stock alerts on Galiano Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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

The business's 50-day moving average price is C$1.93 and its 200-day moving average price is C$1.86. The company has a current ratio of 1.97, a quick ratio of 15.77 and a debt-to-equity ratio of 17.37. The stock has a market cap of C$488.39 million, a PE 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 business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.05, for a total transaction of C$107,282.65. Corporate insiders own 23.08% of the company's stock.

About Galiano Gold

(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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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