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Galway Metals (CVE:GWM) Trading Up 22.6% - Still a Buy?

Galway Metals logo with Basic Materials background

Key Points

  • Galway Metals Inc. shares experienced a significant increase of 22.6% during mid-day trading on Thursday, reaching a price of C$0.65.
  • Trading volume surged to approximately 269,696 shares, a 261% increase from the average of 74,699 shares traded daily.
  • The company, focused on the acquisition and exploration of mineral resources, holds interests in key projects including the Clarence Stream project in New Brunswick and the Estrades mine in Quebec.
  • Five stocks to consider instead of Galway Metals.

Galway Metals Inc. (CVE:GWM - Get Free Report) shares shot up 22.6% during trading on Friday . The company traded as high as C$0.65 and last traded at C$0.65. 269,696 shares traded hands during mid-day trading, an increase of 261% from the average session volume of 74,699 shares. The stock had previously closed at C$0.53.

Galway Metals Trading Down 13.8%

The firm has a market cap of C$53.42 million, a PE ratio of -7.00 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$0.41 and a 200 day moving average price of C$0.42.

About Galway Metals

(Get Free Report)

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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