Galway Metals (CVE:GWM) Stock Price Down 13.8% – Time to Sell?

Shares of Galway Metals Inc. (CVE:GWM) dropped 13.8% during trading on Saturday . The company traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares were traded 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 Trading Down 13.8%

The business’s fifty day moving average is C$0.41 and its 200 day moving average is C$0.42. The stock has a market cap of C$53.42 million, a PE ratio of -7.00 and a beta of 2.44. The company has a quick ratio of 4.81, a current ratio of 3.16 and a debt-to-equity ratio of 1.08.

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.