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

Shares of Galileo Resources Plc (LON:GLRGet Free Report) traded down 17.1% 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 traded hands during mid-day 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 firm has a market capitalization of £9.88 million, a P/E ratio of -9.39 and a beta of 1.41. The firm has a 50-day moving average price of GBX 0.83 and a two-hundred day moving average price of GBX 0.95.

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