Galway Metals (CVE:GWM) Shares Up 20.8% - Should You Buy?

Key Points

• Galway Metals Inc. (CVE:GWM) saw a significant increase of 20.8% in share price, trading at C$0.64 after closing at C$0.53.
• The company has a market capitalization of C$70.43 million and its stock has a notably negative price-to-earnings ratio of -8.13.
• Galway Metals focuses on the acquisition, exploration, and development of mineral resources, primarily gold, zinc, copper, silver, and lead in Canada.

Galway Metals Inc. (CVE:GWM - ) traded up 20.8% during trading on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. 2,385,230 shares were traded during trading, an increase of 1,743% from the average session volume of 129,443 shares. The stock had previously closed at C$0.53.

Galway Metals Price Performance

The stock has a market cap of C$70.43 million, a price-to-earnings ratio of -8.13 and a beta of 2.54. The stock's 50 day moving average price is C$0.52 and its two-hundred day moving average price is C$0.43. The company has a quick ratio of 4.81, a current ratio of 3.16 and a debt-to-equity ratio of 1.08.

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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