Galileo Resources (LON:GLR) Stock Price Down 17.1% – What’s Next?

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

Galileo Resources Trading Down 17.1 %

The company has a market capitalization of £9.88 million, a PE ratio of -9.39 and a beta of 1.41. The stock’s fifty day moving average is GBX 0.83 and its two-hundred day moving average is GBX 0.96.

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

About Galileo Resources

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.