Galiano Gold (TSE:GAU) Shares Down 13.2% – Should You Sell?

Galiano Gold Inc. (TSE:GAU)’s stock price fell 13.2% during trading on Friday . The company traded as low as C$2.80 and last traded at C$2.90. 888,784 shares changed hands during trading, an increase of 133% from the average session volume of 382,048 shares. The stock had previously closed at C$3.34.

Galiano Gold Trading Down 12.6%

The company has a current ratio of 1.97, a quick ratio of 15.77 and a debt-to-equity ratio of 17.37. The stock has a market cap of C$754.75 million, a P/E ratio of -97.33, a price-to-earnings-growth ratio of 0.15 and a beta of 1.84. The business’s fifty day simple moving average is C$3.48 and its 200 day simple moving average is C$2.54.

Insider Activity at Galiano Gold

In other news, insider Maciej Badylak sold 123,000 shares of Galiano Gold stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of C$3.14, for a total value 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 approximately C$526,232.60. This trade represents a 42.33% decrease in their position. 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.