Galway Metals (CVE:GWM) Stock Price Down 10.5% – Here’s What Happened

Galway Metals Inc. (CVE:GWM)’s share price traded down 10.5% during trading on Friday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 1,317,911 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 525,024 shares. The stock had previously closed at C$0.76.

Galway Metals Stock Performance

The stock has a market cap of C$90.24 million, a PE ratio of -7.61 and a beta of 2.78. The firm’s 50-day moving average is C$0.54 and its 200 day moving average is C$0.59.

Insider Activity at Galway Metals

In other Galway Metals news, Director Robert Hinchcliffe bought 45,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of C$0.63 per share, for a total transaction of C$28,350.00. Following the completion of the purchase, the director owned 9,067,746 shares of the company’s stock, valued at approximately C$5,712,679.98. This represents a 0.50% increase in their ownership of the stock. Insiders have bought 465,000 shares of company stock valued at $261,380 over the last three months. 11.32% of the stock is currently owned by corporate insiders.

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. Galway Metals Inc was incorporated in 2012 and is headquartered in Toronto, Canada.