Galileo Resources (LON:GLR) Shares Down 12.8% – What’s Next?

Galileo Resources Plc (LON:GLR)’s stock price traded down 12.8% during mid-day trading on Tuesday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.89 ($0.01). 3,964,876 shares were traded during trading, an increase of 115% from the average session volume of 1,847,068 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Up 2.4 %

The company has a fifty day moving average price of GBX 0.83 and a 200 day moving average price of GBX 0.95. The stock has a market cap of £10.11 million, a PE ratio of -9.61 and a beta of 1.41.

Galileo Resources (LON:GLR) last announced its earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) EPS 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.