Galiano Gold (TSE:GAU) Insider Maciej Badylak Sells 50,000 Shares

Key Points

• Maciej Badylak, an insider at Galiano Gold, sold 50,000 shares at an average price of C$2.91, reducing his stake by 25.30% to 147,590 shares.
• On the same date, he also executed a trade buying 143,000 shares at C$2.20 and selling another 123,000 shares at C$3.14.
• The stock was up by 4.9%, trading at C$3.41 with a market capitalization of C$881.40 million and a price-to-earnings ratio of -113.67.

Galiano Gold Inc. (TSE:GAU - Get Free Report) insider Maciej Badylak sold 50,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of C$2.91, for a total value of C$145,500.00. Following the transaction, the insider owned 147,590 shares in the company, valued at C$429,486.90. The trade was a 25.30% decrease in their position.

Maciej Badylak also recently made the following trade(s):

• On Tuesday, September 2nd, Maciej Badylak purchased 143,000 shares of Galiano Gold stock. The stock was bought at an average price of C$2.20 per share, for a total transaction of C$314,600.00.
• On Tuesday, September 2nd, Maciej Badylak sold 123,000 shares of Galiano Gold stock. The stock was sold at an average price of C$3.14, for a total value of C$386,220.00.

Galiano Gold Price Performance

Shares of TSE GAU traded down C$0.30 during mid-day trading on Tuesday, reaching C$3.17. The company had a trading volume of 1,849,592 shares, compared to its average volume of 286,058. The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. Galiano Gold Inc. has a one year low of C$1.44 and a one year high of C$3.69. The firm has a market cap of C$819.37 million, a price-to-earnings ratio of -105.67, a PEG ratio of 0.15 and a beta of 1.63. The business's 50-day simple moving average is C$2.64 and its 200 day simple moving average is C$2.13.

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.