Galileo Resources (LON:GLR) Hits New 12-Month Low – Time to Sell?

Galileo Resources Plc (LON:GLR) reached a new 52-week low during trading 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 changing hands. The stock had previously closed at GBX 0.88 ($0.01).

Galileo Resources Price Performance

The company’s fifty day moving average price is GBX 0.95 and its 200 day moving average price is GBX 1.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.53 and a current ratio of 1.03. The firm has a market capitalization of £9.51 million, a price-to-earnings ratio of -13.00 and a beta of 1.41.

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

Insider Activity

In other Galileo Resources news, insider Joel Silberstein bought 369,863 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £3,698.63 ($4,618.09). 74.79% of the stock is owned by company insiders.

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.