Galileo Resources (LON:GLR) Trading Down 0.6% – Here’s What Happened

Galileo Resources Plc (LON:GLR) shares fell 0.6% during mid-day trading on Thursday . The stock traded as low as GBX 0.93 ($0.01) and last traded at GBX 0.97 ($0.01). 1,777,937 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 1,811,260 shares. The stock had previously closed at GBX 0.98 ($0.01).

Galileo Resources Stock Performance

The company has a quick ratio of 12.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of GBX 1.09 and a 200-day simple moving average of GBX 1.08. The stock has a market capitalization of £11.24 million, a price-to-earnings ratio of -13.00 and a beta of 1.41.

Insider Buying and Selling at Galileo Resources

In other news, insider Joel Silberstein acquired 369,863 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,698.63 ($4,699.66). Insiders own 74.79% of the company’s stock.

Galileo Resources Company Profile

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.