Galway Metals (CVE:GWM) Trading Down 13.8% - Should You Sell?

Key Points

• Galway Metals Inc. experienced a significant drop in share price, falling 13.8% to C$0.56 from a previous close of C$0.65.
• The trading volume surged to 949,736 shares, a dramatic increase of 1,090% compared to the average daily volume of 79,816 shares.
• The company has a market cap of C$53.42 million and operates primarily in mineral resource exploration, focusing on deposits including gold, zinc, and copper.

Galway Metals Inc. (CVE:GWM - Get Free Report)'s stock price dropped 13.8% on Saturday . The company traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares changed hands 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 Price Performance

The stock has a market capitalization of C$66.78 million, a price-to-earnings ratio of -8.75 and a beta of 2.44. 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 company has a 50 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.