Galileo Resources (LON:GLR) Stock Crosses Above 50 Day Moving Average – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 0.86 and traded as high as GBX 0.90. Galileo Resources shares last traded at GBX 0.90, with a volume of 676,650 shares changing hands.

Galileo Resources Stock Performance

The firm has a market capitalization of £12.09 million, a PE ratio of -7.95 and a beta of 1.41. The firm has a 50-day moving average of GBX 0.86 and a two-hundred day moving average of GBX 0.86.

Galileo Resources (LON:GLRGet Free Report) last announced its quarterly earnings results on Monday, December 29th. The company reported GBX (0.05) earnings per share for the quarter.

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.

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