Galileo Resources (LON:GLR) Stock Price Down 17.1% – Time to Sell?

Galileo Resources Plc (LON:GLRGet Free Report) shares fell 17.1% on Tuesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). 13,884,631 shares traded 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 business has a fifty day moving average price of GBX 0.83 and a 200 day moving average price of GBX 0.95. The company has a market capitalization 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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