Galway Metals (CVE:GWM) Trading Down 8% – Time to Sell?

Galway Metals Inc. (CVE:GWM) shares traded down 8% during mid-day trading on Wednesday . The company traded as low as C$0.46 and last traded at C$0.46. 51,700 shares were traded during mid-day trading, a decline of 22% from the average session volume of 65,949 shares. The stock had previously closed at C$0.50.

Galway Metals Trading Down 8.0 %

The company has a market cap of C$39.43 million, a price-to-earnings ratio of -9.20 and a beta of 1.80. The business’s fifty day moving average price is C$0.60 and its 200 day moving average price is C$0.49. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.11 and a quick ratio of 4.81.

Galway Metals (CVE:GWM) last posted its quarterly earnings data on Thursday, August 29th. The company reported C($0.02) earnings per share for the quarter. Research analysts anticipate that Galway Metals Inc. will post -0.04 earnings per share for the current fiscal year.

Galway Metals Company Profile

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.