Galileo Resources (LON:GLR) Stock Price Up 6.8%

Galileo Resources Plc (LON:GLR) rose 6.8% on Thursday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.20 ($0.02). Approximately 2,855,649 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 1,929,222 shares. The stock had previously closed at GBX 1.13 ($0.01).

Galileo Resources Stock Performance

The company has a market capitalization of £13.92 million, a price-to-earnings ratio of -13.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.53 and a current ratio of 4.01. The firm has a 50-day simple moving average of GBX 1.07 and a two-hundred day simple moving average of GBX 1.08.

Insider Buying and Selling at Galileo Resources

In other news, insider J Richard Wollenberg bought 250,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £2,500 ($3,140.31). 72.48% of the stock is currently owned by corporate insiders.

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.