Galileo Resources (LON:GLR) Shares Down 17.1% – Here’s Why

Galileo Resources Plc (LON:GLR)’s share price traded down 17.1% on Tuesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 13,884,631 shares traded hands during trading, an increase of 588% from the average daily volume of 2,018,098 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The stock has a market cap of £9.88 million, a PE ratio of -9.39 and a beta of 1.41. The business has a fifty day moving average of GBX 0.83 and a 200-day moving average of GBX 0.96.

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

Galileo Resources Company Profile

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.