Galway Metals (CVE:GWM) Stock Price Up 13.4% – Still a Buy?

Galway Metals Inc. (CVE:GWM) traded up 13.4% during mid-day trading on Tuesday . The stock traded as high as C$0.95 and last traded at C$0.93. 428,678 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 497,386 shares. The stock had previously closed at C$0.82.

Galway Metals Price Performance

The business has a fifty day moving average of C$0.70 and a 200-day moving average of C$0.59. 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$108.67 million, a PE ratio of -8.70 and a beta of 2.71.

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.