Galileo Resources (LON:GLR) Stock Price Down 18.5% – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report) shares fell 18.5% during mid-day trading on Tuesday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.84 ($0.01). 3,833,309 shares were traded during mid-day trading, an increase of 108% from the average session volume of 1,844,799 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The company has a 50-day moving average of GBX 0.83 and a 200 day moving average of GBX 0.96. The firm has a market cap of £9.71 million, a P/E ratio of -9.23 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last issued its earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) 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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