Galiano Gold (TSE:GAU) Shares Up 18.1% - Here's What Happened

Key Points

• Galiano Gold's share price rose by 18.1% during mid-day trading, closing at C$2.55 after trading as high as C$2.59.
• Insider transactions include Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05, contributing to a total of C$107,282.65.
• The company operates the Asanko Gold Mine in Ghana and focuses on long-term value creation through exploration and acquisitions.

Galiano Gold Inc. (TSE:GAU - Get Free Report) shot up 18.1% during trading on Thursday . The stock traded as high as C$2.59 and last traded at C$2.55. 318,516 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 165,754 shares. The stock had previously closed at C$2.16.

Galiano Gold Trading Down 3.8%

The business's fifty day moving average is C$1.98 and its 200 day moving average is C$1.88. The stock has a market cap of C$504.79 million, a PE ratio of -854.36, a P/E/G ratio of 0.15 and a beta of 1.05. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37.

Insider Buying and Selling at Galiano Gold

In other Galiano Gold news, Senior Officer Krista Muhr sold 52,333 shares of the 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 currently owned by company 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.