Galileo Resources (LON:GLR) Shares Down 18.5% – What’s Next?

Shares of Galileo Resources Plc (LON:GLR) were down 18.5% during trading on Tuesday . The stock traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.84 ($0.01). Approximately 3,833,309 shares changed 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 Stock Up 0.1 %

The stock has a market cap of £9.89 million, a price-to-earnings ratio of -9.40 and a beta of 1.41. The stock’s 50 day moving average price is GBX 0.83 and its two-hundred day moving average price is GBX 0.95.

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

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.