Galiano Gold (TSE:GAU) Trading Down 10.2% – Time to Sell?

Galiano Gold Inc. (TSE:GAU)’s share price traded down 10.2% during trading on Friday . The company traded as low as C$2.80 and last traded at C$3.00. 248,631 shares traded hands during trading, a decline of 34% from the average session volume of 378,397 shares. The stock had previously closed at C$3.34.

Galiano Gold Stock Performance

The business has a 50-day moving average of C$3.48 and a 200 day moving average of C$2.54. 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 market cap of C$749.58 million, a PE ratio of -96.67, a PEG ratio of 0.15 and a beta of 1.84.

Insider Buying and Selling at Galiano Gold

In other Galiano Gold news, insider Maciej Badylak acquired 143,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were bought at an average price of C$2.20 per share, with a total value of C$314,600.00. Following the completion of the acquisition, the insider owned 290,590 shares in the company, valued at C$639,298. This represents a 96.89% increase in their position. 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.