Galileo Resources (LON:GLR) Shares Down 7.6% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report) shares dropped 7.6% during trading on Monday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 1,007,726 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,811,043 shares. The stock had previously closed at GBX 0.87 ($0.01).

Galileo Resources Trading Up 1.7 %

The firm has a market cap of £9.75 million, a price-to-earnings ratio of -9.27 and a beta of 1.41. The company has a 50 day moving average of GBX 0.83 and a 200 day moving average of GBX 0.94.

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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