Galileo Resources (LON:GLR) Share Price Crosses 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.

Galileo Resources Stock Performance

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

About Galileo Resources

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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.