Galway Metals (CVE:GWM) Stock Price Down 13.8% – Should You Sell?

Galway Metals Inc. (CVE:GWM)’s share price fell 13.8% during mid-day trading on Saturday . The stock traded as low as C$0.55 and last traded at C$0.56. 949,736 shares were traded during mid-day trading, an increase of 1,090% from the average session volume of 79,816 shares. The stock had previously closed at C$0.65.

Galway Metals Price Performance

The company has a fifty day simple moving average of C$0.41 and a 200-day simple moving average of C$0.42. The company 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 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.