Galileo Resources (LON:GLR) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Galileo Resources Plc (LON:GLRGet Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 0.81 and traded as low as GBX 0.78. Galileo Resources shares last traded at GBX 0.78, with a volume of 192,795 shares.

Galileo Resources Stock Down 6.3%

The stock has a 50 day moving average of GBX 0.81 and a 200 day moving average of GBX 0.86. The company has a market capitalization of £10.36 million, a price-to-earnings ratio of 5.77 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX 0.13 earnings per share (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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