Galileo Resources (LON:GLR) Shares Down 19.9% – Time to Sell?

Galileo Resources Plc (LON:GLRGet Free Report) shares dropped 19.9% on Tuesday . The stock traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.82 ($0.01). Approximately 3,213,565 shares changed hands during trading, an increase of 75% from the average daily volume of 1,834,114 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Down 12.2 %

The business has a 50-day moving average price of GBX 0.83 and a 200-day moving average price of GBX 0.96. The company has a market capitalization of £10.46 million, a price-to-earnings ratio of -9.95 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 (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.

Featured Stories

Receive News & Ratings for Galileo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galileo Resources and related companies with MarketBeat.com's FREE daily email newsletter.