Galileo Resources (LON:GLR) Sets New 12-Month Low – Here’s Why

Galileo Resources Plc (LON:GLR) hit a new 52-week low on Thursday . The stock traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.82 ($0.01), with a volume of 3191930 shares traded. The stock had previously closed at GBX 0.88 ($0.01).

Galileo Resources Stock Performance

The stock has a market cap of £9.51 million, a P/E ratio of -13.00 and a beta of 1.41. The business has a 50 day moving average price of GBX 0.95 and a 200 day moving average price of GBX 1.04. The company has a quick ratio of 12.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.07.

Galileo Resources (LON:GLR) last issued its quarterly earnings data on Monday, December 30th. The company reported GBX 0.19 ($0.00) EPS for the quarter.

Insider Activity at Galileo Resources

In related news, insider Joel Silberstein bought 369,863 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,698.63 ($4,618.09). 74.79% 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.