Galway Metals (CVE:GWM) Trading 13.4% Higher – Still a Buy?

Shares of Galway Metals Inc. (CVE:GWMGet Free Report) were up 13.4% during trading on Tuesday . The stock traded as high as C$0.95 and last traded at C$0.93. Approximately 421,178 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 497,386 shares. The stock had previously closed at C$0.82.

Galway Metals Price Performance

The stock has a market cap of C$112.41 million, a P/E ratio of -9.00 and a beta of 2.71. 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 company’s fifty day simple moving average is C$0.70 and its 200-day simple moving average is C$0.59.

Galway Metals Company Profile

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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.

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