Galway Metals (CVE:GWM) Director Purchases 64,000 Shares

Key Points

• Director Robert Hinchcliffe bought 64,000 Galway Metals shares at an average price of C$0.54, investing C$34,560 and increasing his direct ownership to 8,902,746 shares.
• The purchase extends a series of insider acquisitions since late July, including 46,000 shares on August 17 and 20,000 shares on August 13.
• Galway Metals shares rose 11.1% to C$0.60, with trading volume of 771,047 shares—above the average volume of 476,301.

Galway Metals Inc. (CVE:GWM - Get Free Report) Director Robert Hinchcliffe acquired 64,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of C$0.54 per share, with a total value of C$34,560.00. Following the completion of the acquisition, the director directly owned 8,902,746 shares in the company, valued at C$4,807,482.84. The trade was a 0.72% increase in their position.

Robert Hinchcliffe also recently made the following trade(s):

• On Monday, August 17th, Robert Hinchcliffe purchased 46,000 shares of Galway Metals stock. The shares were acquired at an average price of C$0.57 per share, for a total transaction of C$26,220.00.
• On Thursday, August 13th, Robert Hinchcliffe bought 20,000 shares of Galway Metals stock. The shares were acquired at an average cost of C$0.54 per share, for a total transaction of C$10,800.00.
• On Friday, July 31st, Robert Hinchcliffe acquired 15,000 shares of Galway Metals stock. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$6,750.00.
• On Thursday, July 30th, Robert Hinchcliffe purchased 10,000 shares of Galway Metals stock. The shares were bought at an average price of C$0.45 per share, for a total transaction of C$4,500.00.
• On Monday, July 27th, Robert Hinchcliffe bought 15,000 shares of Galway Metals stock. The stock was purchased at an average cost of C$0.72 per share, for a total transaction of C$10,800.00.
• On Friday, July 24th, Robert Hinchcliffe purchased 15,000 shares of Galway Metals stock. The shares were purchased at an average cost of C$0.48 per share, with a total value of C$7,200.00.
• On Wednesday, July 22nd, Robert Hinchcliffe purchased 15,000 shares of Galway Metals stock. The stock was purchased at an average cost of C$0.49 per share, for a total transaction of C$7,350.00.
• On Tuesday, July 21st, Robert Hinchcliffe acquired 8,500 shares of Galway Metals stock. The stock was purchased at an average price of C$0.48 per share, for a total transaction of C$4,080.00.
• On Monday, July 20th, Robert Hinchcliffe acquired 6,500 shares of Galway Metals stock. The stock was purchased at an average price of C$0.48 per share, for a total transaction of C$3,120.00.
• On Monday, July 20th, Robert Hinchcliffe acquired 10,000 shares of Galway Metals stock. The shares were purchased at an average cost of C$0.48 per share, with a total value of C$4,800.00.

Galway Metals Stock Up 11.1%

Shares of Galway Metals stock traded up C$0.06 during trading on Wednesday, reaching C$0.60. 771,047 shares of the stock were exchanged, compared to its average volume of 476,301. The stock's fifty day moving average is C$0.52 and its 200 day moving average is C$0.59. The firm has a market cap of C$79.04 million, a price-to-earnings ratio of -7.50 and a beta of 2.78. Galway Metals Inc. has a 1 year low of C$0.38 and a 1 year high of C$1.01.

About Galway Metals

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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.

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