Galway Metals (CVE:GWM) Shares Up 22.6% - Still a Buy?

Key Points

• Galway Metals Inc. saw a significant stock price increase of 22.6%, reaching C$0.65, with a trading volume that surged by 261% compared to its average daily volume.
• The company, with a market capitalization of C$62.01 million, engages in the acquisition and exploration of mineral resources, focusing primarily on gold and other metals.
• Galway Metals has key projects in Canada, including a 100% interest in the Clarence Stream project and the Estrades mine, highlighting its potential in the mining sector.

Galway Metals Inc. (CVE:GWM - Get Free Report) rose 22.6% during trading on Friday . The stock traded as high as C$0.65 and last traded at C$0.65. Approximately 269,696 shares were traded during trading, an increase of 261% from the average daily volume of 74,699 shares. The stock had previously closed at C$0.53.

Galway Metals Stock Performance

The stock has a market cap of C$53.42 million, a P/E ratio of -7.00 and a beta of 2.44. The company has a fifty day moving average price of C$0.41 and a 200 day moving average price of C$0.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.16 and a quick ratio of 4.81.

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.