Galway Metals (CVE:GWM) Trading Up 5.7% – What’s Next?

Galway Metals Inc. (CVE:GWM) shares were up 5.7% during trading on Wednesday . The company traded as high as C$0.56 and last traded at C$0.56. Approximately 31,062 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 64,925 shares. The stock had previously closed at C$0.53.

Galway Metals Price Performance

The company has a current ratio of 3.11, a quick ratio of 4.81 and a debt-to-equity ratio of 1.00. The firm has a market cap of C$42.86 million, a price-to-earnings ratio of -10.40 and a beta of 1.80. The company has a 50 day moving average of C$0.53 and a 200 day moving average of C$0.50.

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.