Galileo Resources (LON:GLR) Shares Down 18.5% – Here’s What Happened

Galileo Resources Plc (LON:GLRGet Free Report)’s stock price dropped 18.5% on Tuesday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.84 ($0.01). Approximately 3,833,309 shares traded hands during trading, an increase of 108% from the average daily volume of 1,844,799 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Stock Performance

The company’s fifty day moving average price is GBX 0.83 and its 200 day moving average price is GBX 0.96. The firm has a market capitalization of £9.71 million, a price-to-earnings ratio of -9.23 and a beta of 1.41.

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

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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