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Galway Metals (CVE:GWM) Stock Price Up 23% - Here's Why

Galway Metals logo with Basic Materials background

Key Points

  • Galway Metals Inc. saw a remarkable 23% increase in stock price during trading on Friday, reaching a high of C$0.78 before closing at C$0.75.
  • The surge in stock price was accompanied by a significant trading volume of 978,493 shares, which is an 887% increase compared to the average session volume.
  • Galway Metals primarily engages in the acquisition and exploration of mineral resources in Canada, focusing on deposits such as gold, zinc, copper, silver, and lead.
  • Five stocks we like better than Galway Metals.

Shares of Galway Metals Inc. (CVE:GWM - Get Free Report) shot up 23% during mid-day trading on Friday . The stock traded as high as C$0.78 and last traded at C$0.75. 978,493 shares traded hands during trading, an increase of 887% from the average session volume of 99,142 shares. The stock had previously closed at C$0.61.

Galway Metals Stock Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 3.16 and a quick ratio of 4.81. The company has a market capitalization of C$75.85 million, a PE ratio of -8.75 and a beta of 2.44. The stock has a 50-day simple moving average of C$0.48 and a 200 day simple moving average of C$0.43.

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.

Further Reading

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