Galway Metals (CVE:GWM) Stock Price Down 10.3% – What’s Next?

Galway Metals Inc. (CVE:GWMGet 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

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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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