Michael William Sutton Buys 245,000 Shares of Galway Metals Inc. (CVE:GWM) Stock
Galway Metals Inc. (CVE:GWM – Get Rating) Director Michael William Sutton purchased 245,000 shares of Galway Metals stock in a transaction that occurred on Monday, May 30th. The shares were acquired at an average price of C$0.40 per share, with a total value of C$98,000.00. Following the acquisition, the director now directly owns 1,912,673 shares of the company’s stock, valued at approximately C$765,069.20.
Galway Metals stock traded up C$0.02 during midday trading on Monday, reaching C$0.40. 212,562 shares of the company’s stock were exchanged, compared to its average volume of 142,933. Galway Metals Inc. has a 52 week low of C$0.37 and a 52 week high of C$1.02. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.69 and a current ratio of 2.70. The firm has a market cap of C$70.57 million and a price-to-earnings ratio of -4.08. The stock’s 50-day simple moving average is C$0.49 and its 200 day simple moving average is C$0.55.
About Galway Metals (Get Rating)
Galway Metals Inc engages in the acquisition, exploration, and development of mineral resource properties. It explores for zinc, gold, copper, silver, and lead. The company holds a 100% interest in the Clarence Stream project that covers an area of 61,000 hectares located in south-western New Brunswick, Canada.
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