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Galway Metals (CVE:GWM) Trading Up 6% - Still a Buy?

Galway Metals logo with Basic Materials background

Galway Metals Inc. (CVE:GWM - Get Free Report)'s stock price rose 6% during trading on Friday . The company traded as high as C$0.78 and last traded at C$0.71. Approximately 89,600 shares changed hands during trading, an increase of 44% from the average daily volume of 62,194 shares. The stock had previously closed at C$0.67.

Galway Metals Stock Performance

The firm has a market capitalization of C$60.86 million, a price-to-earnings ratio of -14.20 and a beta of 1.78. The firm's 50-day moving average price is C$0.60 and its two-hundred day moving average price is C$0.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.81 and a current ratio of 3.11.

Galway Metals (CVE:GWM - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported C($0.02) earnings per share for the quarter. Sell-side analysts predict that Galway Metals Inc. will post -0.04 earnings per share for the current year.

Galway Metals Company Profile

(Get Free Report)

Galway Metals Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold, zinc, copper, silver, and lead deposits. It holds a 100% interest in the Clarence Stream project located in southwest New Brunswick, Canada; and Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims located in western Quebec, Canada.

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