Galileo Resources (LON:GLR) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 0.83 and traded as low as GBX 0.82. Galileo Resources shares last traded at GBX 0.82, with a volume of 3,504,904 shares traded.

Galileo Resources Price Performance

The company has a 50-day simple moving average of GBX 0.83 and a 200-day simple moving average of GBX 0.86. The firm has a market cap of £11.99 million, a PE ratio of -7.89 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last issued its quarterly earnings results on Monday, December 29th. The company reported GBX (0.05) earnings per share 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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