Galileo Resources (LON:GLR) Trading Down 19% – Here’s Why

Galileo Resources Plc (LON:GLR)’s share price traded down 19% on Tuesday . The company traded as low as GBX 0.83 ($0.01) and last traded at GBX 0.83 ($0.01). 11,758,101 shares traded hands during mid-day trading, an increase of 493% from the average session volume of 1,981,434 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The firm’s 50-day simple moving average is GBX 0.83 and its 200 day simple moving average is GBX 0.95. The stock has a market capitalization of £10.46 million, a P/E ratio of -9.95 and a beta of 1.41.

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