Galway Metals (CVE:GWM) Shares Down 13.8% - What's Next?

Key Points

• Galway Metals Inc. experienced a significant share price drop of 13.8%, trading as low as C$0.55 before closing at C$0.56 on Saturday.
• The trading volume surged to approximately 949,736 shares, up by 1,090% from the average daily volume of 79,816 shares.
• The company, which focuses on the exploration of mineral resources in Canada, has a market cap of C$53.42 million and a P/E ratio of -7.00.

Galway Metals Inc. (CVE:GWM - Get Free Report)'s share price dropped 13.8% on Saturday . The stock traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares were traded 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 Price Performance

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 company has a 50 day moving average of C$0.43 and a 200 day moving average of C$0.42. The firm has a market cap of C$66.78 million, a price-to-earnings ratio of -8.75 and a beta of 2.44.

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.