Galway Metals Inc. (CVE:GWM – Get Free Report)’s share price dropped 13.8% on Saturday . The company traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares changed hands during 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 Stock Down 13.8%
The company’s 50 day simple moving average is C$0.41 and its 200-day simple moving average is C$0.42. 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 firm 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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