Galileo Resources (LON:GLR) Trading Up 6.8%

Galileo Resources Plc (LON:GLR)’s share price rose 6.8% during trading on Thursday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.20 ($0.02). Approximately 2,855,649 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 1,929,222 shares. The stock had previously closed at GBX 1.13 ($0.01).

Galileo Resources Stock Performance

The company has a market cap of £13.93 million, a P/E ratio of -13.00 and a beta of 1.35. The stock has a 50 day moving average price of GBX 1.07 and a two-hundred day moving average price of GBX 1.08. The company has a quick ratio of 12.53, a current ratio of 4.01 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Galileo Resources

In other news, insider J Richard Wollenberg bought 250,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of GBX 1 ($0.01) per share, with a total value of £2,500 ($3,140.31). Insiders own 72.48% 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.