Galway Metals (CVE:GWM) Trading 22.6% Higher - What's Next?

Key Points

• Galway Metals Inc. shares surged by 22.6% on Thursday, reaching a trading high of C$0.65, significantly higher than its previous close of C$0.53.
• The stock experienced a trading volume increase of 261%, with 269,696 shares changing hands compared to the average of 74,699 shares.
• Galway Metals focuses on the exploration and development of mineral resources, primarily targeting gold, zinc, copper, silver, and lead deposits in Canada.

Galway Metals Inc. (CVE:GWM - ) traded up 22.6% on Thursday . The stock traded as high as C$0.65 and last traded at C$0.65. 269,696 shares were traded 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 Up 22.6%

The company has a 50 day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.42. The company has a quick ratio of 4.81, a current ratio of 3.16 and a debt-to-equity ratio of 1.08. The company has a market capitalization of C$62.01 million, a P/E ratio of -8.13 and a beta of 2.31.

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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