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

Galileo Resources Plc (LON:GLRGet Free Report)’s share price dropped 17.1% on Tuesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 9,637,887 shares changed hands during mid-day trading, an increase of 396% from the average daily volume of 1,944,878 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The firm’s 50-day moving average is GBX 0.83 and its 200 day moving average is GBX 0.96. The firm 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 announced its quarterly earnings data on Monday, December 30th. The company reported GBX 0.19 ($0.00) EPS 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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