Galway Metals (CVE:GWM) Trading Down 13.8% - Here's What Happened

Key Points

• Galway Metals Inc. stock price dropped by 13.8%, trading at C$0.56 after reaching a low of C$0.55.
• The company experienced a significant increase in trading volume, with 949,736 shares exchanged, marking a 1,090% increase compared to the average volume.
• With a market capitalization of C$53.42 million, Galway Metals focuses on the acquisition and exploration of mineral resources, particularly gold, zinc, and copper, in Canada.

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

Galway Metals Stock Up 2.2%

The company has a current ratio of 3.16, a quick ratio of 4.81 and a debt-to-equity ratio of 1.08. The company has a market cap of C$65.35 million, a PE ratio of -8.56 and a beta of 2.44. The company's 50 day moving average is C$0.43 and its 200 day moving average is 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.