Galileo Resources (LON:GLR) Shares Pass Above 50 Day Moving Average – Should You Sell?

Shares of Galileo Resources Plc (LON:GLR) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.84 ($0.01) and traded as high as GBX 0.85 ($0.01). Galileo Resources shares last traded at GBX 0.75 ($0.01), with a volume of 87,709 shares trading hands.

Galileo Resources Stock Up 8.0 %

The stock has a market cap of £9.42 million, a P/E ratio of -8.95 and a beta of 1.41. The company has a 50-day simple moving average of GBX 0.84 and a two-hundred day simple moving average of GBX 0.99.

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

About Galileo Resources

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.