Galileo Resources (LON:GLR) Shares Down 17.1% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report)’s share price dropped 17.1% during trading on Tuesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 13,884,631 shares changed hands during trading, an increase of 588% from the average daily volume of 2,018,098 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The company has a fifty day simple moving average of GBX 0.83 and a two-hundred day simple moving average of GBX 0.95. The company has a market capitalization of £9.88 million, a P/E ratio of -9.39 and a beta of 1.41.

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 for the quarter.

About Galileo Resources

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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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