Galileo Resources (LON:GLR) Shares Down 18.5% – Here’s Why

Shares of Galileo Resources Plc (LON:GLRGet Free Report) fell 18.5% on Tuesday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.84 ($0.01). 3,833,309 shares were traded during trading, an increase of 108% from the average session volume of 1,844,799 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The firm has a 50 day moving average of GBX 0.83 and a 200-day moving average of GBX 0.96. The stock has a market capitalization of £9.71 million, a P/E ratio of -9.23 and a beta of 1.41.

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