Galiano Gold (TSE:GAU) Stock Price Down 12.9% – What’s Next?

Galiano Gold Inc. (TSE:GAU)’s stock price was down 12.9% on Friday . The company traded as low as C$2.80 and last traded at C$2.91. Approximately 774,414 shares changed hands during trading, an increase of 103% from the average daily volume of 381,424 shares. The stock had previously closed at C$3.34.

Galiano Gold Stock Performance

The stock has a market cap of C$754.75 million, a price-to-earnings ratio of -97.33, a price-to-earnings-growth ratio of 0.15 and a beta of 1.84. The company’s 50-day simple moving average is C$3.48 and its 200-day simple moving average is C$2.54. 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 Activity

In other news, insider Maciej Badylak sold 123,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of C$3.14, for a total transaction of C$386,220.00. Following the completion of the sale, the insider directly owned 167,590 shares of the company’s stock, valued at C$526,232.60. This represents a 42.33% decrease in their ownership of the stock. 23.08% of the stock is 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.