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

Galileo Resources Plc (LON:GLRGet Free Report) shares fell 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). 13,884,631 shares changed hands during trading, an increase of 588% from the average session volume of 2,018,098 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The firm has a fifty day moving average of GBX 0.83 and a two-hundred day moving average of GBX 0.95. The stock has a market capitalization of £10.46 million, a P/E ratio of -9.95 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly 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.

Further Reading

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