Galileo Resources (LON:GLR) Shares Up 27.5% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report)’s stock price shot up 27.5% during mid-day trading on Wednesday . The company traded as high as GBX 0.65 and last traded at GBX 0.65. Approximately 28,565,328 shares changed hands during trading, an increase of 621% from the average session volume of 3,964,159 shares. The stock had previously closed at GBX 0.51.

Galileo Resources Stock Up 27.5%

The stock has a 50 day moving average price of GBX 0.78 and a two-hundred day moving average price of GBX 0.82. The company has a market cap of £9.02 million, a P/E ratio of -5.91 and a beta of 0.20.

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.

See Also

Receive News & Ratings for Galileo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galileo Resources and related companies with MarketBeat.com's FREE daily email newsletter.