Galileo Resources (LON:GLR) Hits New 12-Month Low – Should You Sell?

Posted by Latisha Jones on Jan 31st, 2025

Galileo Resources Plc (LON:GLR – Get Free Report) reached a new 52-week low on Friday . The company traded as low as GBX 0.74 ($0.01) and last traded at GBX 0.79 ($0.01), with a volume of 1235067 shares trading hands. The stock had previously closed at GBX 0.80 ($0.01).

Galileo Resources Price Performance

The company has a quick ratio of 12.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.07. The stock has a market cap of £9.11 million, a price-to-earnings ratio of -13.00 and a beta of 1.41. The company’s 50-day moving average is GBX 0.92 and its 200-day moving average is GBX 1.03.

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

Insider Transactions at Galileo Resources

In other news, insider Joel Silberstein acquired 369,863 shares of Galileo Resources stock in a transaction on Monday, November 25th. The shares were purchased at an average price of GBX 1 ($0.01) per share, with a total value of £3,698.63 ($4,593.43). Company insiders own 74.79% of the company’s stock.

Galileo Resources Company Profile

(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.