Galileo Resources (LON:GLR) Shares Down 17.1% – Here’s What Happened

Galileo Resources Plc (LON:GLRGet Free Report) shares were down 17.1% on Tuesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 13,834,631 shares were traded during mid-day trading, an increase of 586% from the average daily volume of 2,017,236 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The company’s fifty day simple moving average is GBX 0.83 and its 200-day simple moving average is GBX 0.95. The firm has a market capitalization of £10.46 million, a PE ratio of -9.95 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last posted 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

(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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