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

Galway Metals Inc. (CVE:GWM)’s stock price traded down 13.8% on Saturday . The company 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 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 business’s 50-day moving average is C$0.41 and its two-hundred day 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.

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.