Shares of Galway Metals Inc. (CVE:GWM – Get Free Report) dropped 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 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 Performance
The firm 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 debt-to-equity ratio of 1.08, a current ratio of 3.16 and a quick ratio of 4.81. The stock has a 50-day moving average price of C$0.41 and a 200 day moving average price of C$0.42.
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.
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