Galiano Gold (TSE:GAU) Shares Up 24.1% - Time to Buy?

Key Points

• Galiano Gold Inc. shares rose by 24.1% on Friday, trading at C$2.68 after previously closing at C$2.16, with trading volume increasing to approximately 836,822 shares.
• The company has a market capitalization of C$488.39 million and a debt-to-equity ratio of 17.37, indicating a relatively low level of debt compared to equity.
• Senior Officer Krista Muhr sold 52,333 shares at an average price of C$2.05, totaling over C$107,000, while insiders hold approximately 23.08% of the company's stock.

Galiano Gold Inc. (TSE:GAU - Get Free Report)'s stock price 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 traded hands during mid-day 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 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 company has a 50-day moving average price of C$1.97 and a 200-day moving average price of C$1.88. The firm has a market capitalization 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.

Insider Buying and Selling

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