Galway Metals (CVE:GWM) Shares Up 4.1% - Here's Why

Key Points

• Galway Metals Inc. shares experienced a 4.1% increase, reaching C$0.77, with trading volume up by 103% from the average.
• The company's market cap stands at C$83.43 million, with a notable price-to-earnings ratio of -9.63.
• Galway Metals focuses on the exploration and development of mineral resources, primarily seeking deposits of gold, zinc, copper, silver, and lead across Canada.

Galway Metals Inc. (CVE:GWM - ) shares rose 4.1% on Monday . The stock traded as high as C$0.77 and last traded at C$0.77. Approximately 324,166 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 159,506 shares. The stock had previously closed at C$0.74.

Galway Metals Stock Up 4.1%

The firm has a market cap of C$83.43 million, a price-to-earnings ratio of -9.63 and a beta of 2.54. 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 firm has a fifty day moving average price of C$0.57 and a 200-day moving average price of C$0.45.

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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