Galileo Resources (LON:GLR) Trading Down 12.8% – Here’s What Happened

Shares of Galileo Resources Plc (LON:GLRGet Free Report) dropped 12.8% on Tuesday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.89 ($0.01). Approximately 3,964,876 shares changed hands during trading, an increase of 115% from the average daily volume of 1,847,068 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Down 17.1 %

The company has a 50-day moving average price of GBX 0.83 and a two-hundred day moving average price of GBX 0.96. The stock has a market capitalization of £9.88 million, a P/E ratio of -9.39 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly 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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