Galileo Resources (LON:GLR) Shares Down 18.5% – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report)’s share price dropped 18.5% during trading on Tuesday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.84 ($0.01). Approximately 3,833,309 shares traded hands during mid-day 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 company has a 50-day moving average price of GBX 0.83 and a two-hundred day moving average price of GBX 0.96. The stock has a market cap of £9.71 million, a P/E ratio of -9.23 and a beta of 1.41.

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