Galway Metals (CVE:GWM) Hits New 52-Week High - Should You Buy?

Key Points

• Galway Metals Inc. shares have reached a new 52-week high of C$0.85, reflecting an increase of 18.4% from its previous close of C$0.68.
• The company, focused on mineral resource properties in Canada, has a market cap of C$87.23 million and reports a price-to-earnings ratio of -10.06.
• Galway Metals holds interests in significant mining projects, including the Clarence Stream project in New Brunswick and the Estrades mine in Quebec.

Galway Metals Inc. (CVE:GWM - ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.85 and last traded at C$0.83, with a volume of 805431 shares. The stock had previously closed at C$0.68.

Galway Metals Stock Up 18.4%

The company has a market cap of C$87.23 million, a price-to-earnings ratio of -10.06 and a beta of 2.54. The company has a current ratio of 3.16, a quick ratio of 4.81 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of C$0.54 and a two-hundred day moving average of C$0.44.

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.

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