Galileo Resources (LON:GLR) Trading Down 11.1% – Time to Sell?

Galileo Resources Plc (LON:GLR) fell 11.1% during mid-day trading on Monday . The stock traded as low as GBX 0.91 ($0.01) and last traded at GBX 0.91 ($0.01). 2,007,709 shares were traded during mid-day trading, an increase of 10% from the average session volume of 1,821,346 shares. The stock had previously closed at GBX 1.02 ($0.01).

Galileo Resources Price Performance

The stock has a market capitalization of £9.87 million, a price-to-earnings ratio of -13.00 and a beta of 1.41. The company has a quick ratio of 12.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of GBX 1.08 and a 200-day moving average of GBX 1.08.

Insider Buying and Selling

In other news, insider Joel Silberstein purchased 369,863 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £3,698.63 ($4,669.99). Corporate insiders own 74.79% of the company’s stock.

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.