Shares of Galway Metals Inc. (CVE:GWM – Get Free Report) dropped 13.5% on Monday . The stock traded as low as C$0.41 and last traded at C$0.45. 2,862,032 shares traded hands during trading, an increase of 473% from the average session volume of 499,067 shares. The stock had previously closed at C$0.52.
Galway Metals Price Performance
The stock has a 50-day simple moving average of C$0.56 and a 200-day simple moving average of C$0.65. The stock has a market cap of C$59.28 million, a P/E ratio of -5.62 and a beta of 2.76.
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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