Insider Buying: Galway Metals (CVE:GWM) Director Purchases 20,000 Shares

Key Points

• Director Robert Hinchcliffe bought 20,000 Galway Metals shares at C$0.60 each, investing C$12,000 and increasing his holdings to 9,002,746 shares valued at about C$5.4 million.
• Hinchcliffe has made multiple additional purchases since late July, including 80,000 shares on August 19 and 64,000 shares on August 18, signaling continued insider buying.
• Galway Metals shares recently traded at C$0.63, with a market capitalization of approximately C$83 million; the company explores for gold and other minerals in Canada.

Galway Metals Inc. (CVE:GWM - Get Free Report) Director Robert Hinchcliffe bought 20,000 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of C$0.60 per share, with a total value of C$12,000.00. Following the acquisition, the director owned 9,002,746 shares in the company, valued at approximately C$5,401,647.60. This represents a 0.22% increase in their position.

Robert Hinchcliffe also recently made the following trade(s):

• On Wednesday, August 19th, Robert Hinchcliffe purchased 80,000 shares of Galway Metals stock. The stock was purchased at an average price of C$0.59 per share, for a total transaction of C$47,200.00.
• On Tuesday, August 18th, Robert Hinchcliffe acquired 64,000 shares of Galway Metals stock. The shares were purchased at an average cost of C$0.54 per share, with a total value of C$34,560.00.
• On Monday, August 17th, Robert Hinchcliffe acquired 46,000 shares of Galway Metals stock. The shares were purchased at an average price of C$0.57 per share, with a total value of C$26,220.00.
• On Thursday, August 13th, Robert Hinchcliffe bought 20,000 shares of Galway Metals stock. The stock was purchased at an average cost of C$0.54 per share, for a total transaction of C$10,800.00.
• On Friday, July 31st, Robert Hinchcliffe bought 15,000 shares of Galway Metals stock. The stock was purchased at an average price of C$0.45 per share, for a total transaction of C$6,750.00.
• On Thursday, July 30th, Robert Hinchcliffe purchased 10,000 shares of Galway Metals stock. The shares were purchased at an average cost of C$0.45 per share, with a total value of C$4,500.00.
• On Monday, July 27th, Robert Hinchcliffe purchased 15,000 shares of Galway Metals stock. The shares were acquired at an average cost of C$0.72 per share, with a total value of C$10,800.00.
• On Friday, July 24th, Robert Hinchcliffe acquired 15,000 shares of Galway Metals stock. The stock was acquired at an average price of C$0.48 per share, for a total transaction of C$7,200.00.
• On Wednesday, July 22nd, Robert Hinchcliffe acquired 15,000 shares of Galway Metals stock. The stock was acquired at an average cost of C$0.49 per share, for a total transaction of C$7,350.00.
• On Tuesday, July 21st, Robert Hinchcliffe bought 8,500 shares of Galway Metals stock. The shares were acquired at an average price of C$0.48 per share, with a total value of C$4,080.00.

Galway Metals Price Performance

GWM stock traded up C$0.03 during midday trading on Friday, hitting C$0.63. The company's stock had a trading volume of 390,397 shares, compared to its average volume of 475,029. Galway Metals Inc. has a twelve month low of C$0.38 and a twelve month high of C$1.01. The company's fifty day moving average price is C$0.52 and its 200 day moving average price is C$0.59. The stock has a market capitalization of C$82.99 million, a P/E ratio of -7.88 and a beta of 2.78.

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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.