Galileo Resources (LON:GLR) Stock Price Up 4.2% – Time to Buy?

Shares of Galileo Resources Plc (LON:GLRGet Free Report) rose 4.2% during mid-day trading on Monday . The stock traded as high as GBX 0.95 ($0.01) and last traded at GBX 0.93 ($0.01). Approximately 2,991,549 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 1,901,981 shares. The stock had previously closed at GBX 0.89 ($0.01).

Galileo Resources Price Performance

The business has a 50-day moving average of GBX 0.86 and a 200 day moving average of GBX 0.90. The company has a market capitalization of £10.00 million, a PE ratio of -9.50 and a beta of 1.41.

About Galileo Resources

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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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