Galiano Gold (TSE:GAU) Trading 24.1% Higher - Here's What Happened

Key Points

• Galiano Gold Inc. shares surged by 24.1% on Friday, reaching a price of C$2.68, with trading volume increasing by 391% compared to the average session.
• The company holds a market cap of C$488.39 million and has a quick ratio of 15.77, indicating strong liquidity despite a negative PE ratio of -826.60.
• Insider activity included the sale of 52,333 shares by Senior Officer Krista Muhr at an average price of C$2.05, highlighting a level of engagement from company executives.

Galiano Gold Inc. (TSE:GAU - Get Free Report) shares shot 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 were traded 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 Performance

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

Insiders Place Their Bets

In related 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 transaction of C$107,282.65. 23.08% of the stock is owned by corporate 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.