Galway Metals (CVE:GWM) Shares Up 22.6% - Here's Why

Key Points

• Galway Metals Inc. shares surged by 22.6%, closing at C$0.65 after trading as high as this price during the day.
• The trading volume increased by 261%, with 269,696 shares exchanged compared to the average volume of 74,699 shares.
• The company's market cap stands at C$62.01 million, and it holds a significant interest in various mineral resource properties across Canada.

Galway Metals Inc. (CVE:GWM - )'s stock price shot up 22.6% on Thursday . The company traded as high as C$0.65 and last traded at C$0.65. 269,696 shares were traded during trading, an increase of 261% from the average session volume of 74,699 shares. The stock had previously closed at C$0.53.

Galway Metals Trading Up 22.6%

The company has a debt-to-equity ratio of 1.08, a current ratio of 3.16 and a quick ratio of 4.81. The stock's 50-day moving average is C$0.41 and its two-hundred day moving average is C$0.42. The stock has a market cap of C$62.01 million, a P/E ratio of -8.13 and a beta of 2.31.

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.

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