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

Key Points

• Galiano Gold Inc. shares surged by 24.1% during trading on Thursday, reaching a price of C$2.68, with a dramatic increase in trading volume by 391%.
• The company maintains a debt-to-equity ratio of 17.37 and a market capitalization of C$488.39 million, with a negative price-to-earnings ratio of -826.60.
• Insider activity was noted as Senior Officer Krista Muhr sold 52,333 shares for approximately C$107,282.65, indicating ongoing trading by company insiders which hold 23.08% of the stock.

Galiano Gold Inc. (TSE:GAU - ) shares rose 24.1% during trading on Thursday . The stock traded as high as C$2.68 and last traded at C$2.68. Approximately 836,822 shares traded hands during trading, an increase of 391% from the average daily volume of 170,348 shares. The stock had previously closed at C$2.16.

Galiano Gold Price Performance

The company has a debt-to-equity ratio of 17.37, a current ratio of 1.97 and a quick ratio of 15.77. The firm has a market capitalization of C$488.39 million, a price-to-earnings ratio of -826.60, a PEG ratio of 0.15 and a beta of 1.05. The stock has a 50 day moving average price of C$1.92 and a two-hundred day moving average price of C$1.85.

Insider Buying and Selling

In other Galiano Gold news, Senior Officer Krista Muhr sold 52,333 shares of the business's stock in a transaction dated Friday, June 13th. The shares were 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 company insiders.

About Galiano Gold

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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