Galileo Resources (LON:GLR) Stock Passes Above Fifty Day Moving Average – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1.07 ($0.01) and traded as high as GBX 1.10 ($0.01). Galileo Resources shares last traded at GBX 1.10 ($0.01), with a volume of 5,054,693 shares.

Galileo Resources Trading Up 4.8 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.53 and a current ratio of 1.03. The stock has a fifty day moving average of GBX 1.07 and a 200 day moving average of GBX 1.09. The company has a market capitalization of £12.76 million, a PE ratio of -13.00 and a beta of 1.41.

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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