Galway Metals (CVE:GWM) Stock Price Down 4.1% – Should You Sell?

Galway Metals Inc. (CVE:GWM) shares fell 4.1% during trading on Wednesday. The company traded as low as C$0.90 and last traded at C$0.94. 451,863 shares changed hands during trading, a decline of 20% from the average daily volume of 568,340 shares. The stock had previously closed at C$0.98.

Galway Metals Stock Down 4.1%

The business’s 50 day moving average is C$0.76 and its two-hundred day moving average is C$0.64. The firm has a market capitalization of C$127.72 million, a P/E ratio of -10.44 and a beta of 2.28.

Insider Transactions at Galway Metals

In related news, Director Robert Hinchcliffe bought 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of C$0.59 per share, for a total transaction of C$47,200.00. Following the transaction, the director directly owned 8,982,746 shares of the company’s stock, valued at approximately C$5,299,820.14. This represents a 0.90% increase in their position. In the last three months, insiders have bought 495,000 shares of company stock valued at $288,400. Corporate insiders own 11.32% of the company’s stock.

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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.