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

Galway Metals Inc. (CVE:GWM) shares dropped 13.8% 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 Trading Down 13.8%

The company’s fifty day moving average price is C$0.41 and its two-hundred day moving average price is C$0.42. The company has a current ratio of 3.16, a quick ratio of 4.81 and a debt-to-equity ratio of 1.08. The firm has a market cap of C$53.42 million, a P/E ratio of -7.00 and a beta of 2.44.

About Galway Metals

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.