Galileo Resources (LON:GLR) Trading Down 17.1% – Time to Sell?

Galileo Resources Plc (LON:GLRGet Free Report)’s stock price fell 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). 13,884,631 shares changed 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 Stock Down 17.1 %

The company’s 50 day simple moving average is GBX 0.83 and its two-hundred day simple moving average is GBX 0.96. The company has a market capitalization of £9.88 million, a price-to-earnings ratio of -9.39 and a beta of 1.41.

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

About Galileo Resources

(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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