Galway Metals (CVE:GWM) Stock Price Down 5.4% – Should You Sell?

Shares of Galway Metals Inc. (CVE:GWM) traded down 5.4% during mid-day trading on Wednesday . The stock traded as low as C$0.52 and last traded at C$0.53. 74,600 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 45,666 shares. The stock had previously closed at C$0.56.

Galway Metals Trading Down 5.6 %

The company has a 50 day simple moving average of C$0.54 and a 200 day simple moving average of C$0.55. The company has a current ratio of 3.16, a quick ratio of 4.81 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of C$47.85 million, a PE ratio of -9.87 and a beta of 1.80.

Insider Activity at Galway Metals

In other Galway Metals news, Director Robert Hinchcliffe purchased 53,500 shares of Galway Metals stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of C$0.60 per share, with a total value of C$32,249.80. Insiders have bought a total of 225,000 shares of company stock worth $125,079 in the last three months. 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.