Galileo Resources (LON:GLR) Stock Price Down 17.1% – Time to Sell?

by · The Markets Daily

Galileo Resources Plc (LON:GLR – Get Free Report) shares traded down 17.1% 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 mid-day 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 firm has a market capitalization of £9.88 million, a PE ratio of -9.39 and a beta of 1.41. The business’s 50-day moving average price is GBX 0.83 and its 200-day moving average price is GBX 0.95.

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

Galileo Resources Company Profile

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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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