Galway Metals (CVE:GWM) Stock Price Down 5.4% – What’s Next?

Galway Metals Inc. (CVE:GWMGet Free Report)’s stock price fell 5.4% during trading on Wednesday . The stock traded as low as C$0.52 and last traded at C$0.53. 74,600 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 45,666 shares. The stock had previously closed at C$0.56.

Galway Metals Trading Down 5.4 %

The company’s fifty day moving average price is C$0.54 and its two-hundred day moving average price is C$0.55. 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 firm has a market cap of C$49.73 million, a P/E ratio of -10.26 and a beta of 1.80.

Insider Buying and Selling at Galway Metals

In other news, Director Robert Hinchcliffe acquired 53,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of C$0.60 per share, for a total transaction of C$32,249.80. In the last quarter, insiders acquired 211,000 shares of company stock worth $117,699. 11.32% of the stock is currently owned by insiders.

Galway Metals Company Profile

(Get Free Report)

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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