Galway Metals (CVE:GWM) Stock Price Up 22.6% - Should You Buy?

Key Points

• Galway Metals Inc. stock surged by 22.6% on Friday, reaching a price of C$0.65, with trading volume significantly up by 261% compared to the average session.
• The company's market capitalization stands at C$62.01 million, with a P/E ratio of -8.13 indicating it has not yet profited.
• Galway Metals focuses on the acquisition and exploration of mineral resources in Canada, primarily looking for gold, zinc, copper, silver, and lead deposits.

Galway Metals Inc. (CVE:GWM - Get Free Report)'s stock price traded up 22.6% during mid-day trading on Friday . The company traded as high as C$0.65 and last traded at C$0.65. 269,696 shares changed hands during 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 Stock Down 13.8%

The stock has a 50 day simple moving average of C$0.41 and a 200-day simple moving average of C$0.42. 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 debt-to-equity ratio of 1.08, a current ratio of 3.16 and a quick ratio of 4.81.

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.