Galileo Resources (LON:GLR) Trading Down 17.1% – Here’s What Happened

Galileo Resources Plc (LON:GLRGet Free Report) dropped 17.1% during trading on Tuesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 13,884,631 shares changed hands during mid-day 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 Stock Performance

The company has a market cap of £9.88 million, a P/E ratio of -9.39 and a beta of 1.41. The business’s fifty day moving average is GBX 0.83 and its two-hundred day moving average is GBX 0.96.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly earnings data on Monday, December 30th. The company reported GBX 0.19 ($0.00) EPS for the quarter.

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.

Read More

Receive News & Ratings for Galileo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galileo Resources and related companies with MarketBeat.com's FREE daily email newsletter.