Galway Metals (CVE:GWM) Director Purchases 80,000 Shares of Stock

Key Points

• Director Robert Hinchcliffe purchased 80,000 Galway Metals shares at an average price of C$0.59, investing C$47,200 and increasing his stake by 0.90% to 8,982,746 shares.
• Hinchcliffe has made multiple additional purchases since late July, acquiring a combined 194,000 shares in the reported transactions, signaling continued insider buying.
• Galway Metals shares rose 0.8% to C$0.60, with a market capitalization of approximately C$79.7 million; the stock has traded between C$0.38 and C$1.01 over the past year.

Galway Metals Inc. (CVE:GWM - Get Free Report) Director Robert Hinchcliffe purchased 80,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of C$0.59 per share, for a total transaction of C$47,200.00. Following the completion of the purchase, the director owned 8,982,746 shares of the company's stock, valued at approximately C$5,299,820.14. This represents a 0.90% increase in their position.

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

• On Tuesday, August 18th, Robert Hinchcliffe acquired 64,000 shares of Galway Metals stock. The shares were acquired at an average cost of C$0.54 per share, with a total value of C$34,560.00.
• On Monday, August 17th, Robert Hinchcliffe acquired 46,000 shares of Galway Metals stock. The stock was acquired at an average price of C$0.57 per share, with a total value of C$26,220.00.
• On Thursday, August 13th, Robert Hinchcliffe bought 20,000 shares of Galway Metals stock. The stock was 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 bought 15,000 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$6,750.00.
• On Thursday, July 30th, Robert Hinchcliffe purchased 10,000 shares of Galway Metals stock. The stock was bought at an average price of C$0.45 per share, with a total value of C$4,500.00.
• On Monday, July 27th, Robert Hinchcliffe purchased 15,000 shares of Galway Metals stock. The stock was bought at an average price of C$0.72 per share, with a total value of C$10,800.00.
• On Friday, July 24th, Robert Hinchcliffe purchased 15,000 shares of Galway Metals stock. The stock was bought 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 acquired 15,000 shares of Galway Metals stock. The shares were bought at an average price 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 shares were bought at an average cost of C$0.48 per share, for a total transaction of C$4,080.00.
• On Monday, July 20th, Robert Hinchcliffe bought 6,500 shares of Galway Metals stock. The stock was bought at an average price of C$0.48 per share, with a total value of C$3,120.00.

Galway Metals Trading Up 0.8%

CVE:GWM traded up C$0.01 during trading hours on Thursday, hitting C$0.60. The company had a trading volume of 199,810 shares, compared to its average volume of 475,117. Galway Metals Inc. has a 1 year low of C$0.38 and a 1 year high of C$1.01. The company has a market cap of C$79.70 million, a P/E ratio of -7.56 and a beta of 2.78. The company has a 50-day moving average of C$0.52 and a 200 day moving average of C$0.59.

Galway Metals Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source