Galileo Resources (LON:GLR) Stock Price Down 17.1% – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report) shares were down 17.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 13,884,631 shares changed hands during trading, an increase of 588% from the average daily 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 50 day simple moving average of GBX 0.83 and a 200 day simple moving average of GBX 0.95. The stock has a market cap of £10.11 million, a PE ratio of -9.61 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) 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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