Galileo Resources (LON:GLR) Shares Down 11.3% – Should You Sell?

Galileo Resources Plc (LON:GLRGet Free Report)’s stock price traded down 11.3% during mid-day trading on Monday . The company traded as low as GBX 0.75 and last traded at GBX 0.75. 1,916,287 shares were traded during mid-day trading, a decline of 51% from the average session volume of 3,913,541 shares. The stock had previously closed at GBX 0.85.

Galileo Resources Trading Down 11.3%

The firm has a market capitalization of £10.36 million, a P/E ratio of -6.82 and a beta of 1.41. The company has a 50-day moving average of GBX 0.87 and a 200-day moving average of GBX 0.85.

Galileo Resources (LON:GLRGet Free Report) last released its earnings results on Monday, December 29th. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

Galileo Resources Company Profile

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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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