Galway Metals (CVE:GWM) Shares Up 12.3% - Time to Buy?

Key Points

• Shares rose 12.3% to C$0.64 on Tuesday (previous close C$0.57) on 310,482 shares traded, about 55% below average; the 50- and 200-day moving averages are C$0.68, slightly above the current price.
• Galway Metals is an exploration/development company targeting gold, zinc, copper, silver and lead with key assets at Clarence Stream (New Brunswick) and Estrades/Casa Berardi (Quebec); it has a market cap of C$79.94 million, a negative PE (-6.40) and a beta of 2.46, indicating unprofitability and higher volatility.

Galway Metals Inc. (CVE:GWM - )'s share price traded up 12.3% during trading on Tuesday . The company traded as high as C$0.64 and last traded at C$0.64. 310,482 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 686,250 shares. The stock had previously closed at C$0.57.

Galway Metals Stock Performance

The stock has a fifty day moving average price of C$0.68 and a 200-day moving average price of C$0.68. The firm has a market cap of C$79.94 million, a PE ratio of -6.40 and a beta of 2.46.

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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.

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