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

Key Points

• Galway Metals Inc. saw a decline of 13.8% in trading, with shares dropping to C$0.55 from a previous close of C$0.65.
• Trading volume surged to approximately 949,736 shares, which is an increase of 1,090% compared to its average daily volume.
• The company's market capitalization is C$53.42 million and it has a negative PE ratio of -7.00, indicating ongoing financial struggles.

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

Galway Metals Price Performance

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