Galileo Resources (LON:GLR) Reaches New 12-Month Low – Should You Sell?

Galileo Resources Plc (LON:GLR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.82 ($0.01), with a volume of 3191930 shares. The stock had previously closed at GBX 0.88 ($0.01).

Galileo Resources Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.53 and a current ratio of 1.03. The firm has a market capitalization of £9.51 million, a P/E ratio of -13.00 and a beta of 1.41. The business has a fifty day moving average of GBX 0.96 and a 200-day moving average of GBX 1.04.

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

Insider Buying and Selling at Galileo Resources

In other news, insider Joel Silberstein acquired 369,863 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £3,698.63 ($4,553.28). 74.79% of the stock is owned by corporate insiders.

Galileo Resources Company Profile

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.