Shares of Galway Metals Inc. (CVE:GWM – Get Free Report) traded down 8.6% during trading on Thursday . The company traded as low as C$0.51 and last traded at C$0.53. 1,246,078 shares were traded during trading, an increase of 565% from the average session volume of 187,511 shares. The stock had previously closed at C$0.58.
Galway Metals Stock Down 10.3%
The company has a debt-to-equity ratio of 1.08, a quick ratio of 4.81 and a current ratio of 3.16. The stock’s 50-day moving average price is C$0.65 and its two-hundred day moving average price is C$0.50. The stock has a market capitalization of C$56.34 million, a PE ratio of -6.50 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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