Galway Metals (CVE:GWM) Stock Price Down 1.6% – Should You Sell?

Galway Metals Inc. (CVE:GWM)’s share price traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as C$0.59 and last traded at C$0.63. 782,795 shares traded hands during trading, a decline of 10% from the average session volume of 871,189 shares. The stock had previously closed at C$0.64.

Galway Metals Stock Down 1.6%

The firm’s fifty day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.65. 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 market capitalization of C$78.69 million, a price-to-earnings ratio of -6.30 and a beta of 2.73.

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.