Galway Metals Inc. (CVE:GWM – Get Free Report)’s stock price traded up 30.3% during mid-day trading on Tuesday . The stock traded as high as C$0.89 and last traded at C$0.86. Approximately 2,880,243 shares traded hands during mid-day trading, an increase of 464% from the average daily volume of 510,737 shares. The stock had previously closed at C$0.66.
Galway Metals Stock Performance
The firm has a fifty day simple moving average of C$0.59 and a 200 day simple moving average of C$0.59. The company has a market capitalization of C$139.95 million, a PE ratio of -11.44 and a beta of 2.98.
Insider Activity at Galway Metals
In other news, Director Robert Hinchcliffe acquired 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of C$0.59 per share, for a total transaction of C$47,200.00. Following the completion of the acquisition, the director directly owned 8,982,746 shares of the company’s stock, valued at C$5,299,820.14. The trade was a 0.90% increase in their position. Insiders acquired a total of 520,000 shares of company stock worth $297,000 in the last 90 days. Company insiders own 11.32% of the company’s stock.
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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.
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