Galway Metals (CVE:GWM) Trading Down 8.6% – Here’s What Happened

Galway Metals Inc. (CVE:GWMGet Free Report)’s share price traded down 8.6% during mid-day trading on Thursday . The company traded as low as C$0.52 and last traded at C$0.53. 493,083 shares were traded during trading, an increase of 171% from the average session volume of 182,058 shares. The stock had previously closed at C$0.58.

Galway Metals Price Performance

The company has a market capitalization of C$57.43 million, a P/E ratio of -6.63 and a beta of 2.67. 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 company has a 50 day moving average price of C$0.65 and a 200 day moving average price of C$0.50.

About Galway Metals

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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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