Galileo Resources (LON:GLR) Stock Price Down 19% – Here’s What Happened

Galileo Resources Plc (LON:GLRGet Free Report)’s share price fell 19% during mid-day trading on Tuesday . The company traded as low as GBX 0.83 ($0.01) and last traded at GBX 0.83 ($0.01). 11,758,101 shares traded hands during mid-day trading, an increase of 493% from the average session volume of 1,981,434 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The company’s 50-day moving average is GBX 0.83 and its 200-day moving average is GBX 0.96. The firm has a market cap of £9.88 million, a price-to-earnings ratio of -9.39 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last announced its earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) 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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