Galileo Resources (LON:GLR) Stock Price Down 18.5% – What’s Next?

Galileo Resources Plc (LON:GLRGet Free Report) shares were 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 changed hands during 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 Trading Down 18.5 %

The business has a 50-day moving average price of GBX 0.83 and a 200 day moving average price of GBX 0.96. The stock has a market capitalization of £9.71 million, a P/E ratio of -9.23 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.

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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