Galileo Resources (LON:GLR) Trading Up 11.8% – Still a Buy?

Galileo Resources Plc (LON:GLRGet Free Report) shares rose 11.8% during trading on Tuesday . The stock traded as high as GBX 0.95 ($0.01) and last traded at GBX 0.95 ($0.01). Approximately 2,402,750 shares traded hands during trading, an increase of 31% from the average daily volume of 1,834,375 shares. The stock had previously closed at GBX 0.85 ($0.01).

Galileo Resources Price Performance

The firm has a market capitalization of £11.04 million, a price-to-earnings ratio of -10.50 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:GLRGet Free Report) last announced its quarterly earnings data on Monday, December 30th. The company reported GBX 0.19 ($0.00) earnings per share for the quarter.

About Galileo Resources

(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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