Galway Metals (CVE:GWM) Trading Down 13.8% – Here’s What Happened

Galway Metals Inc. (CVE:GWM) was down 13.8% during mid-day trading on Saturday . The stock traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares were traded during mid-day 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 firm has a market capitalization of C$53.42 million, a price-to-earnings ratio of -7.00 and a beta of 2.44. The stock has a fifty day moving average of C$0.41 and a two-hundred day moving average of C$0.42. 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.