Galileo Resources (LON:GLR) Hits New 52-Week Low – Here’s What Happened

Galileo Resources Plc (LON:GLRGet Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 0.74 ($0.01) and last traded at GBX 0.79 ($0.01), with a volume of 1235067 shares traded. The stock had previously closed at GBX 0.80 ($0.01).

Galileo Resources Stock Performance

The company has a 50 day moving average of GBX 0.92 and a 200 day moving average of GBX 1.03. The firm has a market cap of £9.11 million, a price-to-earnings ratio of -13.00 and a beta of 1.41. The company has a quick ratio of 12.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.07.

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

Insiders Place Their Bets

In related news, insider Joel Silberstein purchased 369,863 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,698.63 ($4,593.43). 74.79% of the stock is owned by insiders.

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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