Galileo Resources (LON:GLR) Shares Down 18.5% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report)’s share price was down 18.5% during mid-day trading on Tuesday . The stock traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.84 ($0.01). Approximately 3,833,309 shares were traded during mid-day trading, an increase of 108% from the average daily volume of 1,844,799 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The firm has a market cap of £9.71 million, a PE ratio of -9.23 and a beta of 1.41. The company’s 50-day simple moving average is GBX 0.83 and its two-hundred day simple moving average is GBX 0.96.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly earnings results 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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