Galway Metals (CVE:GWM) Trading Down 1.8% – Time to Sell?

Galway Metals Inc. (CVE:GWM) traded down 1.8% on Thursday . The stock traded as low as C$0.54 and last traded at C$0.54. 9,023 shares changed hands during trading, a decline of 53% from the average session volume of 19,127 shares. The stock had previously closed at C$0.55.

Galway Metals Price Performance

The firm has a fifty day moving average price of C$0.50 and a two-hundred day moving average price of C$0.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.81 and a current ratio of 3.11. The stock has a market capitalization of C$46.29 million, a P/E ratio of -10.80 and a beta of 1.80.

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.