Galway Metals (CVE:GWM) Shares Down 13.5% – Here’s What Happened

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

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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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