Galileo Resources (LON:GLR) Shares Down 7.6% – Here’s Why

Galileo Resources Plc (LON:GLR)’s stock price was down 7.6% during trading on Monday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 1,007,726 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,811,043 shares. The stock had previously closed at GBX 0.87 ($0.01).

Galileo Resources Trading Down 7.6 %

The stock has a fifty day simple moving average of GBX 0.83 and a two-hundred day simple moving average of GBX 0.94. The company has a market cap of £9.35 million, a PE ratio of -8.89 and a beta of 1.41.

About Galileo Resources

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.