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

Key Points

• Galway Metals Inc. shares surged 22.6% to C$0.65 during trading, with volume increasing by 261% from the average.
• The company, which holds a 100% interest in the Clarence Stream project and other mineral properties, has a market capitalization of C$62.01 million.
• Galway Metals reports a high debt-to-equity ratio of 1.08, alongside a current ratio of 3.16, indicating potential financial stress compared to its assets.

Galway Metals Inc. (CVE:GWM - Get Free Report)'s stock price traded up 22.6% during mid-day trading on Friday . The stock traded as high as C$0.65 and last traded at C$0.65. 269,696 shares were traded 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 company has a current ratio of 3.16, a quick ratio of 4.81 and a debt-to-equity ratio of 1.08. The company has a fifty day simple moving average of C$0.41 and a 200-day simple moving average of C$0.42. The company has a market capitalization of C$53.42 million, a PE ratio of -7.00 and a beta of 2.44.

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.