Galileo Resources (LON:GLR) Trading Up 6.8%

Shares of Galileo Resources Plc (LON:GLR) rose 6.8% during trading on Thursday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.20 ($0.02). Approximately 2,855,649 shares traded hands during trading, an increase of 48% from the average daily volume of 1,929,222 shares. The stock had previously closed at GBX 1.13 ($0.01).

Galileo Resources Stock Performance

The firm has a market capitalization of £13.92 million, a PE ratio of -13.00 and a beta of 1.35. The company’s 50-day simple moving average is GBX 1.07 and its 200 day simple moving average is GBX 1.08. The company has a quick ratio of 12.53, a current ratio of 4.01 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Galileo Resources

In other news, insider J Richard Wollenberg purchased 250,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £2,500 ($3,140.31). Insiders own 72.48% 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.