Galway Metals (CVE:GWM) Stock Price Down 8.8% - Here's Why

Key Points

• Galway Metals Inc. stock fell by 8.8% in mid-day trading, reaching a low of C$0.60 before closing at C$0.62, amid increased trading volume of 214,144 shares.
• The company has a market capitalization of C$66.64 million and operates with a high beta of 2.44, indicating significant volatility in the stock's price.
• Galway Metals focuses on the acquisition, exploration, and development of mineral resources in Canada, including gold and zinc, with key projects located in New Brunswick and Quebec.

Galway Metals Inc. (CVE:GWM - ) was down 8.8% during mid-day trading on Tuesday . The stock traded as low as C$0.60 and last traded at C$0.62. Approximately 214,144 shares changed hands during trading, an increase of 111% from the average daily volume of 101,590 shares. The stock had previously closed at C$0.68.

Galway Metals Stock Down 9.6%

The company has a market cap of C$66.64 million, a price-to-earnings ratio of -7.69 and a beta of 2.44. 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 business has a fifty day moving average price of C$0.49 and a two-hundred day moving average price of C$0.43.

About Galway Metals

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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