Galway Metals (CVE:GWM) Shares Climb 6.6% – Should You Buy?

Galway Metals Inc. (CVE:GWM) traded 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 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 Price Performance

The company has a 50 day moving average of C$0.86 and a two-hundred day moving average of C$0.67. The company has a market capitalization of C$140.07 million, a PE ratio of -9.89 and a beta of 2.28.

Insider Buying and Selling at Galway Metals

In other Galway Metals news, Director Robert Hinchcliffe purchased 45,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of C$0.63 per share, for a total transaction of C$28,350.00. Following the purchase, the director directly owned 9,067,746 shares in the company, valued at C$5,712,679.98. The trade was a 0.50% increase in their ownership of the stock. Over the last quarter, insiders have bought 390,000 shares of company stock valued at $237,450. 11.32% of the stock is owned by corporate 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.