Galway Metals (CVE:GWM) Stock Price Down 13.8% - Should You Sell?

Key Points

• Galway Metals Inc. shares experienced a significant decline of 13.8%, trading as low as C$0.55 before closing at C$0.56.
• The stock saw an unusual trading volume of approximately 949,736 shares, marking an increase of 1,090% compared to the average daily volume.
• Galway Metals, focusing on the exploration and development of mineral resources, holds a 100% interest in the Clarence Stream project in New Brunswick and various other claims in Quebec, Canada.

Galway Metals Inc. (CVE:GWM - Get Free Report) shares fell 13.8% during trading on Saturday . The company traded as low as C$0.55 and last traded at C$0.56. 949,736 shares changed hands during trading, an increase of 1,090% from the average session volume of 79,816 shares. The stock had previously closed at C$0.65.

Galway Metals Stock Up 4.5%

The company has a quick ratio of 4.81, a current ratio of 3.16 and a debt-to-equity ratio of 1.08. The company has a market cap of C$66.78 million, a PE ratio of -8.75 and a beta of 2.44. The firm's fifty day simple moving average is C$0.43 and its 200-day simple moving average is C$0.42.

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.