Galileo Resources (LON:GLR) Stock Price Down 5% – Here’s What Happened

Galileo Resources Plc (LON:GLRGet Free Report) shares traded down 5% during mid-day trading on Thursday . The stock traded as low as GBX 0.90 and last traded at GBX 0.95. 11,001,488 shares changed hands during mid-day trading, an increase of 163% from the average session volume of 4,185,788 shares. The stock had previously closed at GBX 1.

Galileo Resources Trading Up 5.7%

The company has a market capitalization of £12.78 million, a price-to-earnings ratio of -8.41 and a beta of 1.41. The company has a fifty day moving average of GBX 0.85 and a 200-day moving average of GBX 0.86.

Galileo Resources (LON:GLRGet Free Report) last released its earnings results on Monday, December 29th. The company reported GBX (0.05) 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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