Galway Metals Inc. (CVE:GWM – Get Free Report) was down 10.3% during trading on Thursday . The company traded as low as C$0.51 and last traded at C$0.52. Approximately 1,310,078 shares traded hands during mid-day trading, an increase of 597% from the average daily volume of 187,828 shares. The stock had previously closed at C$0.58.
Galway Metals Trading Down 9.5%
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 business’s 50-day moving average is C$0.65 and its 200 day moving average is C$0.50. The firm has a market capitalization of C$56.89 million, a P/E ratio of -6.56 and a beta of 2.67.
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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