Galileo Resources (LON:GLR) Shares Up 12.5% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report)’s share price was up 12.5% during mid-day trading on Tuesday . The company traded as high as GBX 1 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 6,805,146 shares were traded during mid-day trading, an increase of 407% from the average daily volume of 1,342,239 shares. The stock had previously closed at GBX 0.80 ($0.01).

Galileo Resources Stock Up 1.5 %

The stock has a fifty day moving average of GBX 0.82 and a 200-day moving average of GBX 0.96. The firm has a market capitalization of £11.21 million, a P/E ratio of -10.65 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) earnings per share (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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