Galileo Resources (LON:GLR) Shares Pass Above Fifty Day Moving Average of $1.15

Galileo Resources Plc (LON:GLR – Get Rating) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1.15 ($0.01) and traded as high as GBX 1.18 ($0.01). Galileo Resources shares last traded at GBX 1.18 ($0.01), with a volume of 200,542 shares traded.

Galileo Resources Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.53 and a current ratio of 10.65. The stock has a 50 day moving average price of GBX 1.15 and a 200 day moving average price of GBX 1.22. The company has a market cap of £13.63 million, a P/E ratio of -13.00 and a beta of 1.29.

Galileo Resources Company Profile

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Galileo Resources Plc engages in the exploration and development of mineral projects in South Africa, Botswana, Zambia, Zimbabwe, and the United States. The company explores for zinc, iron, manganese, copper, and gold deposits, as well as rare earths and aggregates. Its projects include the Star Zinc project located in Lusaka, Zambia; Kalahari Copper Belt project situated in Botswana; Kashitu Zinc project and Luansobe Copper project located in Zambia; Kamativi Lithium and Bulawayo Gold projects situated in Zimbabwe; Shinganda Copper and Gold project located in central Zambia; Ferber project situated in Nevada, the United States; and Glenover Rare Earth project located in Limpopo, South Africa.