Galiano Gold (TSE:GAU) Shares Down 13.5% – Time to Sell?

Galiano Gold Inc. (TSE:GAU)’s stock price was down 13.5% during trading on Friday . The stock traded as low as C$2.80 and last traded at C$2.89. Approximately 985,705 shares traded hands during mid-day trading, an increase of 158% from the average daily volume of 382,553 shares. The stock had previously closed at C$3.34.

Galiano Gold Price Performance

The stock has a market cap of C$736.65 million, a PE ratio of -95.00, a P/E/G ratio of 0.15 and a beta of 1.84. The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The business has a 50 day moving average price of C$3.48 and a two-hundred day moving average price of C$2.54.

Insider Buying and Selling at Galiano Gold

In related news, insider Maciej Badylak purchased 143,000 shares of Galiano Gold stock in a transaction that occurred on Tuesday, September 2nd. The stock was bought at an average price of C$2.20 per share, for a total transaction of C$314,600.00. Following the completion of the transaction, the insider owned 290,590 shares in the company, valued at C$639,298. This represents a 96.89% increase in their ownership of the stock. Company insiders own 23.08% of the company’s stock.

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.