Galway Metals (CVE:GWM) Trading Down 13.8% - Here's What Happened

Key Points

• Galway Metals Inc. shares dropped by 13.8% during mid-day trading, reaching a low of C$0.55 before closing at C$0.56.
• The stock exhibited a significant increase in trading volume, with 949,736 shares changing hands, representing a 1,090% rise from its average session volume.
• Galway Metals is primarily involved in the exploration and development of mineral resources in Canada, focusing on deposits of gold, zinc, copper, silver, and lead.

Shares of Galway Metals Inc. (CVE:GWM - ) fell 13.8% during mid-day trading on Saturday . The company traded as low as C$0.55 and last traded at C$0.56. 949,736 shares were traded during mid-day trading, an increase of 1,090% from the average session volume of 79,816 shares. The stock had previously closed at C$0.65.

Galway Metals Stock Down 13.8%

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 business has a 50-day moving average price of C$0.41 and a 200-day moving average price of C$0.42. The firm 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.

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