Galiano Gold (TSE:GAU) Trading Up 21.8% - Should You Buy?

Key Points

• Galiano Gold Inc.'s share price surged by 21.8%, trading at C$2.63, with a notable increase in trading volume of 343% compared to the average.
• The company's current market cap stands at C$482.92 million, and it has a negative PE ratio of -817.35, indicating potential risks for investors.
• Insider trading activity includes Senior Officer Krista Muhr selling 52,333 shares at an average price of C$2.05, with company insiders holding 23.08% of the stock.

Galiano Gold Inc. (TSE:GAU - )'s share price was up 21.8% on Thursday . The stock traded as high as C$2.63 and last traded at C$2.63. Approximately 752,180 shares traded hands during trading, an increase of 343% from the average daily volume of 169,801 shares. The stock had previously closed at C$2.16.

Galiano Gold Stock Up 22.7%

The company's 50 day moving average price is C$1.92 and its two-hundred day moving average price is C$1.85. The firm has a market cap of C$482.92 million, a PE ratio of -817.35, a PEG ratio of 0.15 and a beta of 1.05. The company has a current ratio of 1.97, a quick ratio of 15.77 and a debt-to-equity ratio of 17.37.

Insider Activity

In other news, Senior Officer Krista Muhr sold 52,333 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$2.05, for a total value 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.

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