Galileo Resources (LON:GLR) Trading Down 17.1% – What’s Next?

Galileo Resources Plc (LON:GLR)’s stock price dropped 17.1% on Wednesday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 13,884,631 shares changed hands during mid-day trading, an increase of 588% from the average daily volume of 2,018,098 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The stock has a market cap of £9.88 million, a PE ratio of -9.39 and a beta of 1.41. The company’s 50-day moving average price is GBX 0.83 and its 200 day moving average price is GBX 0.95.

Galileo Resources (LON:GLR) last posted its earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) EPS for the quarter.

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.