Galileo Resources (LON:GLR) Trading Up 12.5% – Still a Buy?

Galileo Resources Plc (LON:GLRGet Free Report)’s stock price rose 12.5% on Tuesday . The stock traded as high as GBX 1 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 6,805,146 shares changed hands during trading, an increase of 407% from the average daily volume of 1,342,239 shares. The stock had previously closed at GBX 0.80 ($0.01).

Galileo Resources Stock Performance

The stock has a market capitalization of £10.46 million, a price-to-earnings ratio of -9.95 and a beta of 1.41. The company’s 50 day moving average is GBX 0.82 and its 200 day moving average is GBX 0.96.

Galileo Resources (LON:GLRGet Free Report) last issued 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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