Galiano Gold (TSE:GAU) Trading 24.1% Higher - Still a Buy?

Key Points

• Galiano Gold Inc. saw its stock price rise by 24.1%, reaching C$2.68 with trading volume increasing by 391% compared to the average session.
• The company has a market capitalization of C$488.39 million and a significantly high P/E ratio of -826.60, indicating potential volatility and risks in earnings.
• Insider activity was noted as Senior Officer Krista Muhr sold 52,333 shares at an average price of C$2.05, suggesting some confidence in the current valuation.

Galiano Gold Inc. (TSE:GAU - ) shot up 24.1% on Thursday . The stock traded as high as C$2.68 and last traded at C$2.68. 836,822 shares traded 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 Trading Up 24.1%

The firm has a fifty day simple moving average of C$1.93 and a two-hundred day simple moving average of C$1.86. The firm has a market capitalization of C$488.39 million, a P/E ratio of -826.60, a price-to-earnings-growth 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 at Galiano Gold

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

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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