Galway Metals (CVE:GWM) Shares Down 7.8% – Here’s Why

Galway Metals Inc. (CVE:GWMGet Free Report)’s stock price traded down 7.8% on Thursday . The stock traded as low as C$0.51 and last traded at C$0.54. 1,125,178 shares changed hands during mid-day trading, an increase of 504% from the average session volume of 186,372 shares. The stock had previously closed at C$0.58.

Galway Metals Price Performance

The stock has a market capitalization of C$56.34 million, a P/E ratio of -6.50 and a beta of 2.67. 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 company’s 50-day simple moving average is C$0.65 and its 200-day simple moving average is C$0.50.

Galway Metals Company Profile

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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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