Galileo Resources (LON:GLR) Stock Price Down 17.1% – Should You Sell?

by · The Cerbat Gem

Galileo Resources Plc (LON:GLR – Get Free Report)’s stock price fell 17.1% during trading on Tuesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). 13,884,631 shares were traded during trading, an increase of 588% from the average session volume of 2,018,098 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Down 17.1 %

The company’s 50 day simple moving average is GBX 0.83 and its two-hundred day simple moving average is GBX 0.95. The company has a market capitalization of £9.88 million, a price-to-earnings ratio of -9.39 and a beta of 1.41.

Galileo Resources (LON:GLR – Get Free Report) last issued its quarterly earnings data on Monday, December 30th. The company reported GBX 0.19 ($0.00) EPS for the quarter.

About Galileo Resources

(Get Free Report)

Galileo Resources Plc explores and develops mineral projects in South Africa, Botswana, Zambia, Zimbabwe, the United Kingdom, and the United States. It explores for zinc, iron, manganese, copper, lithium, and gold deposits, as well as rare earths and aggregates. The company was incorporated in 2006 and is based in London, the United Kingdom.

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