Galileo Resources (LON:GLR) Trading Down 16.9% – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report)’s stock price fell 16.9% during mid-day trading on Tuesday . The stock traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.85 ($0.01). 3,733,309 shares traded hands during mid-day trading, an increase of 103% from the average session volume of 1,843,075 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Price Performance

The business’s 50 day simple moving average is GBX 0.83 and its 200 day simple moving average is GBX 0.96. The stock has a market cap of £9.90 million, a P/E ratio of -9.42 and a beta of 1.41.

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

Galileo Resources Company Profile

(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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