Galway Metals (CVE:GWM) Shares Up 22.6% - Still a Buy?

Key Points

• Galway Metals Inc. shares surged by 22.6% on Friday, reaching a trading price of C$0.65, significantly increasing trading volume by 261% compared to the average.
• The company, which focuses on acquiring and developing mineral resource properties, has a market cap of C$62.01 million and a P/E ratio of -8.13.
• Galway Metals holds a 100% interest in projects including the Clarence Stream project in New Brunswick and the Estrades mine in Quebec.

Galway Metals Inc. (CVE:GWM - )'s share price traded up 22.6% during mid-day trading on Friday . The company traded as high as C$0.65 and last traded at C$0.65. 269,696 shares traded hands 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 Stock Up 22.6%

The stock has a market cap of C$62.01 million, a P/E ratio of -8.13 and a beta of 2.31. The company has a quick ratio of 4.81, a current ratio of 3.16 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of C$0.41 and a 200-day simple moving average of C$0.42.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.