Galileo Resources (LON:GLR) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 0.82 ($0.01) and traded as high as GBX 0.83 ($0.01). Galileo Resources shares last traded at GBX 0.81 ($0.01), with a volume of 187,000 shares changing hands.

Galileo Resources Trading Up 3.0 %

The firm’s 50-day moving average price is GBX 0.82 and its 200-day moving average price is GBX 0.97. The stock has a market capitalization of £9.58 million, a PE ratio of -9.11 and a beta of 1.41.

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

Galileo Resources Company Profile

(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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