Galway Metals (CVE:GWM) Shares Down 8.5% – Here’s What Happened

Galway Metals Inc. (CVE:GWM)’s share price fell 8.5% during mid-day trading on Tuesday . The stock traded as low as C$0.53 and last traded at C$0.54. 733,361 shares traded hands during trading, an increase of 275% from the average session volume of 195,803 shares. The stock had previously closed at C$0.59.

Galway Metals Trading Down 7.6%

The business’s 50 day simple moving average is C$0.63 and its 200 day simple moving average is C$0.51. 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 company has a market capitalization of C$59.05 million, a price-to-earnings ratio of -6.81 and a beta of 2.72.

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.