Galileo Resources (LON:GLR) Trading Up 12.5% – Should You Buy?

Galileo Resources Plc (LON:GLR) rose 12.5% on Tuesday . The stock traded as high as GBX 1 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 6,805,146 shares traded hands during trading, an increase of 407% from the average daily volume of 1,342,239 shares. The stock had previously closed at GBX 0.80 ($0.01).

Galileo Resources Stock Up 12.5 %

The firm has a market capitalization of £10.46 million, a price-to-earnings ratio of -9.95 and a beta of 1.41. The firm has a 50 day moving average of GBX 0.82 and a two-hundred day moving average of GBX 0.96.

Galileo Resources (LON:GLR) last released its earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) earnings per share for the quarter.

Galileo Resources Company Profile

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.