Shares of Galway Metals Inc. (CVE:GWM – Get Free Report) shot up 14% on Thursday . The company traded as high as C$0.68 and last traded at C$0.65. 167,500 shares changed hands during mid-day trading, an increase of 389% from the average session volume of 34,235 shares. The stock had previously closed at C$0.57.
Galway Metals Price Performance
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 company has a 50-day moving average price of C$0.50 and a 200-day moving average price of C$0.54. The firm has a market capitalization of C$55.72 million, a P/E ratio of -13.00 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.
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