Galway Metals (CVE:GWM) Stock Price Up 22.6% - Time to Buy?

Key Points

• Galway Metals Inc. shares surged 22.6% on Friday, closing at C$0.65 after hitting a high of the same price.
• Trading volume increased significantly to approximately 269,696 shares, which is a 261% rise from the average daily volume.
• The company's market cap is C$62.01 million, with a negative price-to-earnings ratio of -8.13, indicating financial challenges.

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

Galway Metals Stock Up 22.6%

The firm has a market cap of C$62.01 million, a price-to-earnings ratio of -8.13 and a beta of 2.31. 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 firm has a 50 day moving average price of C$0.41 and a 200-day moving average price 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.

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