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Galway Metals (CVE:GWM) Trading 14% Higher - Time to Buy?

Galway Metals logo with Basic Materials background

Galway Metals Inc. (CVE:GWM - Get Free Report)'s stock price shot up 14% during mid-day trading on Thursday . The company traded as high as C$0.68 and last traded at C$0.65. 167,500 shares changed hands during mid-day trading, an increase of 389% from the average session volume of 34,235 shares. The stock had previously closed at C$0.57.

Galway Metals Trading Down 3.2 %

The company has a market capitalization of C$51.43 million, a PE ratio of -12.00 and a beta of 1.80. The company has a current ratio of 3.11, a quick ratio of 4.81 and a debt-to-equity ratio of 1.00. The business's 50-day simple moving average is C$0.51 and its two-hundred day simple moving average is C$0.54.

About Galway Metals

(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.

Further Reading

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