Insider Buying: Galway Metals (CVE:GWM) Director Purchases C$13,400.00 in Stock

Key Points

• Director Robert Hinchcliffe purchased 20,000 Galway Metals shares at an average price of C$0.67, investing C$13,400 and increasing his holdings by 0.22% to 9.12 million shares.
• Hinchcliffe has made a series of additional purchases since mid-August, buying hundreds of thousands of shares as prices ranged from C$0.54 to C$0.64.
• Galway Metals shares rose 7.5% to C$0.72 in mid-day trading, with volume significantly above average; the company has a market capitalization of approximately C$94.85 million.

Galway Metals Inc. (CVE:GWM - Get Free Report) Director Robert Hinchcliffe acquired 20,000 shares of Galway Metals stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of C$0.67 per share, for a total transaction of C$13,400.00. Following the purchase, the director owned 9,117,746 shares of the company's stock, valued at approximately C$6,108,889.82. This represents a 0.22% increase in their position.

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

• On Tuesday, August 25th, Robert Hinchcliffe bought 30,000 shares of Galway Metals stock. The shares were acquired at an average price of C$0.64 per share, for a total transaction of C$19,200.00.
• On Monday, August 24th, Robert Hinchcliffe bought 45,000 shares of Galway Metals stock. The stock was acquired at an average price of C$0.63 per share, with a total value of C$28,350.00.
• On Thursday, August 20th, Robert Hinchcliffe purchased 20,000 shares of Galway Metals stock. The stock was acquired at an average cost of C$0.60 per share, with a total value of C$12,000.00.
• On Wednesday, August 19th, Robert Hinchcliffe purchased 80,000 shares of Galway Metals stock. The stock was acquired at an average cost of C$0.59 per share, with a total value of C$47,200.00.
• On Tuesday, August 18th, Robert Hinchcliffe purchased 64,000 shares of Galway Metals stock. The shares were bought at an average price of C$0.54 per share, for a total transaction of C$34,560.00.
• On Monday, August 17th, Robert Hinchcliffe acquired 46,000 shares of Galway Metals stock. The shares were bought at an average cost of C$0.57 per share, for a total transaction of C$26,220.00.
• On Thursday, August 13th, Robert Hinchcliffe acquired 20,000 shares of Galway Metals stock. The shares were bought 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 acquired 15,000 shares of Galway Metals stock. The stock was bought at an average price of C$0.45 per share, with a total value of C$6,750.00.
• On Thursday, July 30th, Robert Hinchcliffe bought 10,000 shares of Galway Metals stock. The stock was bought 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 bought 15,000 shares of Galway Metals stock. The shares were bought at an average price of C$0.72 per share, for a total transaction of C$10,800.00.

Galway Metals Trading Up 7.5%

Shares of GWM traded up C$0.05 during mid-day trading on Thursday, hitting C$0.72. 6,242,893 shares of the company traded hands, compared to its average volume of 517,710. Galway Metals Inc. has a one year low of C$0.41 and a one year high of C$1.01. The business has a 50-day moving average of C$0.53 and a 200 day moving average of C$0.59. The stock has a market capitalization of C$94.85 million, a price-to-earnings ratio of -8.00 and a beta of 2.78.

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

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