Galway Metals (CVE:GWM) Reaches New 1-Year High – Time to Buy?

Galway Metals Inc. (CVE:GWM) shares hit a new 52-week high on Wednesday. The stock traded as high as C$1.07 and last traded at C$1.03, with a volume of 2724487 shares trading hands. The stock had previously closed at C$0.89.

Galway Metals Stock Down 1.8%

The firm has a fifty day moving average price of C$0.60 and a 200-day moving average price of C$0.59. The firm has a market cap of C$146.75 million, a price-to-earnings ratio of -12.00 and a beta of 2.98.

Insider Transactions at Galway Metals

In related news, Director Robert Hinchcliffe acquired 45,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was bought at an average price of C$0.63 per share, with a total value 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 position. Over the last quarter, insiders bought 520,000 shares of company stock valued at $297,000. 11.32% of the stock is currently owned by company 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.