Galway Metals (CVE:GWM) Stock Price Down 4.1% – Time to Sell?

Galway Metals Inc. (CVE:GWM)’s stock price dropped 4.1% on Wednesday. The company traded as low as C$0.90 and last traded at C$0.94. Approximately 451,863 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 568,340 shares. The stock had previously closed at C$0.98.

Galway Metals Trading Up 1.1%

The company has a market cap of C$130.44 million, a price-to-earnings ratio of -10.67 and a beta of 2.28. The business has a fifty day moving average price of C$0.77 and a two-hundred day moving average price of C$0.64.

Insider Buying and Selling at Galway Metals

In other news, Director Robert Hinchcliffe acquired 80,000 shares of Galway Metals stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of C$0.59 per share, for a total transaction of C$47,200.00. Following the completion of the purchase, the director owned 8,982,746 shares of the company’s stock, valued at C$5,299,820.14. This represents a 0.90% increase in their ownership of the stock. Over the last quarter, insiders purchased 480,000 shares of company stock valued at $281,650. 11.32% of the stock is currently owned by company 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.