Galileo Resources (LON:GLR) Trading Down 17.1% – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report)’s share price fell 17.1% during mid-day trading on Tuesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). 13,884,631 shares traded hands during trading, an increase of 588% from the average session volume of 2,018,098 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The stock has a market cap of £10.46 million, a price-to-earnings ratio of -9.95 and a beta of 1.41. The business’s 50 day moving average is GBX 0.83 and its 200 day moving average is GBX 0.95.

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

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