Galway Metals (CVE:GWM) Shares Up 6.6% – Here’s What Happened

Galway Metals Inc. (CVE:GWM) rose 6.6% during mid-day trading on Wednesday. The stock traded as high as C$0.91 and last traded at C$0.89. Approximately 146,060 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 548,610 shares. The stock had previously closed at C$0.83.

Galway Metals Price Performance

The company’s fifty day moving average price is C$0.87 and its 200 day moving average price is C$0.67. The company has a market cap of C$144.79 million, a PE ratio of -10.22 and a beta of 2.24.

Insider Buying and Selling at Galway Metals

In other Galway Metals news, Director Robert Hinchcliffe acquired 80,000 shares of Galway Metals stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of C$0.59 per share, for a total transaction of C$47,200.00. Following the purchase, the director owned 8,982,746 shares of the company’s stock, valued at approximately C$5,299,820.14. This represents a 0.90% increase in their ownership of the stock. In the last ninety days, insiders acquired 390,000 shares of company stock worth $237,450. 11.32% of the stock is currently owned by corporate insiders.

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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.