Shares of Galileo Resources Plc (LON:GLR – Get Free Report) dropped 9.6% on Thursday . The company traded as low as GBX 1.04 ($0.01) and last traded at GBX 1.04 ($0.01). Approximately 1,172,255 shares traded hands during trading, a decline of 39% from the average daily volume of 1,929,224 shares. The stock had previously closed at GBX 1.15 ($0.01).
Galileo Resources Price Performance
The company has a 50 day moving average of GBX 1.07 and a 200-day moving average of GBX 1.09. The firm has a market capitalization of £12.06 million, a P/E ratio of -13.00 and a beta of 1.35. The company has a current ratio of 4.01, a quick ratio of 12.53 and a debt-to-equity ratio of 0.07.
Insider Activity at Galileo Resources
In other news, insider J Richard Wollenberg purchased 250,000 shares of Galileo Resources stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £2,500 ($3,140.70). 72.48% of the stock is currently owned by corporate insiders.
About Galileo Resources
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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