Galway Metals Inc. (CVE:GWM – Get Free Report) shares shot up 6.6% on Wednesday. The stock traded as high as C$0.91 and last traded at C$0.89. 146,060 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 548,610 shares. The stock had previously closed at C$0.83.
Galway Metals Trading Up 6.6%
The stock has a market capitalization of C$140.07 million, a P/E ratio of -9.89 and a beta of 2.28. The firm’s fifty day moving average is C$0.86 and its 200-day moving average is C$0.67.
Insider Buying and Selling
In other Galway Metals news, Director Robert Hinchcliffe acquired 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average price of C$0.59 per share, with a total value of C$47,200.00. Following the completion of the transaction, the director owned 8,982,746 shares in the company, valued at C$5,299,820.14. The trade was a 0.90% increase in their ownership of the stock. Over the last 90 days, insiders purchased 390,000 shares of company stock valued at $237,450. 11.32% of the stock is currently owned by insiders.
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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.
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