Galway Metals (CVE:GWM) Stock Price Down 13.8% - What's Next?

Key Points

• Galway Metals Inc. shares dropped by 13.8% during trading, reaching a low of C$0.55 before closing at C$0.56.
• The company's trading volume surged by 1,090% compared to its average, with 949,736 shares changing hands.
• Galway Metals operates in the mineral resource sector, focusing on the exploration and development of gold, zinc, and other deposits in Canada.

Galway Metals Inc. (CVE:GWM - Get Free Report)'s stock price was down 13.8% during trading on Saturday . The stock traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares were traded during mid-day trading, an increase of 1,090% from the average daily volume of 79,816 shares. The stock had previously closed at C$0.65.

Galway Metals Stock Performance

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 has a market cap of C$66.78 million, a price-to-earnings ratio of -8.75 and a beta of 2.44. The firm has a fifty day moving average of C$0.43 and a 200 day 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.