Galileo Resources (LON:GLR) Hits New 52-Week Low – Here’s Why

Galileo Resources Plc (LON:GLR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.82 ($0.01), with a volume of 3191930 shares trading hands. The stock had previously closed at GBX 0.88 ($0.01).

Galileo Resources Stock Down 6.3 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.03 and a quick ratio of 12.53. The stock has a market capitalization of £9.51 million, a price-to-earnings ratio of -13.00 and a beta of 1.41. The firm’s fifty day moving average is GBX 0.96 and its 200-day moving average is GBX 1.04.

Galileo Resources (LON:GLR) last issued its earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) earnings per share (EPS) for the quarter.

Insider Transactions at Galileo Resources

In other Galileo Resources news, insider Joel Silberstein acquired 369,863 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of GBX 1 ($0.01) per share, with a total value of £3,698.63 ($4,553.28). 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.