Galileo Resources (LON:GLR) Shares Down 2.9% – Should You Sell?

Shares of Galileo Resources Plc (LON:GLRGet Free Report) dropped 2.9% during trading on Tuesday . The stock traded as low as GBX 0.84 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 492,070 shares traded hands during trading, a decline of 72% from the average daily volume of 1,734,511 shares. The stock had previously closed at GBX 0.88 ($0.01).

Galileo Resources Price Performance

The stock’s fifty day simple moving average is GBX 0.88 and its 200-day simple moving average is GBX 0.87. The stock has a market cap of £9.88 million, a P/E ratio of -9.39 and a beta of 1.41.

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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