Galileo Resources (GLR) Shares Down 9.8%

Galileo Resources PLC (LON:GLR)’s share price was down 9.8% on Wednesday . The stock traded as low as GBX 0.52 ($0.01) and last traded at GBX 0.52 ($0.01). Approximately 485,178 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 719,051 shares. The stock had previously closed at GBX 0.58 ($0.01).

The stock has a market cap of $1.77 million and a price-to-earnings ratio of -1.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.07.

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About Galileo Resources (LON:GLR)

Galileo Resources Plc, through its subsidiaries, engages in the exploration of natural resources in South Africa, the United States, and Zambia. The company explores for zinc, phosphate, copper, lead, silver, and gold deposits. It primarily focuses on exploring the Star Zinc project located to the northeast of Lusaka, Zambia.

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