Galway Metals (CVE:GWM) Trading Down 13.8% - Time to Sell?

Key Points

• Galway Metals Inc. saw its share price drop by 13.8%, trading as low as C$0.55 after closing at C$0.65.
• The company recorded a significant increase in trading volume, with nearly 950,000 shares changing hands, a 1,090% increase from the average session volume.
• Galway Metals has a market cap of C$53.42 million and a PE ratio of -7.00, indicating its current financial challenges.

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

Galway Metals Trading Up 4.5%

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 firm has a market capitalization of C$66.78 million, a P/E ratio of -8.75 and a beta of 2.44. The firm has a 50-day moving average of C$0.43 and a two-hundred day moving average of 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.