Galway Metals (CVE:GWM) Stock Price Up 12.3% – Here’s What Happened

Shares of Galway Metals Inc. (CVE:GWM) rose 12.3% during mid-day trading on Tuesday . The stock traded as high as C$0.64 and last traded at C$0.64. Approximately 310,482 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 686,250 shares. The stock had previously closed at C$0.57.

Galway Metals Price Performance

The business has a 50-day moving average of C$0.68 and a 200 day moving average of C$0.68. The company has a market capitalization of C$81.19 million, a PE ratio of -6.50 and a beta of 2.46.

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.