Galway Metals (CVE:GWM) Trading Down 2.9% - Should You Sell?

Key Points

• Galway Metals Inc.'s stock price decreased by 2.9% to C$0.68, following an increase in trading volume of 206% compared to its average daily volume.
• The company has a market capitalization of C$73.68 million, with a current ratio of 3.16 and a P/E ratio of -8.50.
• Galway Metals focuses on the acquisition and exploration of mineral resources, primarily seeking deposits of gold, zinc, copper, silver, and lead in Canada.

Galway Metals Inc. (CVE:GWM - )'s stock price dropped 2.9% on Monday . The stock traded as low as C$0.68 and last traded at C$0.68. Approximately 312,026 shares were traded during trading, an increase of 206% from the average daily volume of 101,962 shares. The stock had previously closed at C$0.70.

Galway Metals Stock Performance

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's 50-day moving average price is C$0.49 and its two-hundred day moving average price is C$0.43. The company has a market cap of C$73.68 million, a P/E ratio of -8.50 and a beta of 2.44.

About Galway Metals

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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