Galileo Resources (LON:GLR) Shares Up 11.8% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report) shot up 11.8% during trading on Tuesday . The company traded as high as GBX 0.95 ($0.01) and last traded at GBX 0.95 ($0.01). 2,402,750 shares were traded during mid-day trading, an increase of 31% from the average session volume of 1,834,375 shares. The stock had previously closed at GBX 0.85 ($0.01).

Galileo Resources Stock Up 8.6 %

The firm has a market capitalization of £11.04 million, a PE ratio of -10.50 and a beta of 1.41. The business’s fifty day moving average price is GBX 0.82 and its 200 day moving average price is GBX 0.95.

Galileo Resources (LON:GLRGet Free Report) last issued 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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