Galiano Gold (TSE:GAU) Stock Price Up 0.5% - Here's Why

Key Points

• Galiano Gold Inc. (TSE:GAU) saw a modest increase of 0.5% in its stock price, closing at C$2.03 with a total volume of approximately 147,486 shares.
• The company has a market capitalization of C$369.93 million and has recorded a significant loss with a PE ratio of -626.12.
• Insider activity includes Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05, representing a total transaction value of C$107,282.65.

Shares of Galiano Gold Inc. (TSE:GAU - Get Free Report) were up 0.5% during mid-day trading on Wednesday . The company traded as high as C$2.06 and last traded at C$2.03. Approximately 147,486 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 163,163 shares. The stock had previously closed at C$2.02.

Galiano Gold Stock Performance

The company has a market cap of C$379.05 million, a price-to-earnings ratio of -641.54, a PEG ratio of 0.15 and a beta of 1.05. The business's 50 day moving average price is C$1.91 and its 200-day moving average price is C$1.84. 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 other 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 value 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.