Insider Buying: Galileo Resources Plc (LON:GLR) Insider Acquires 250,000 Shares of Stock

Galileo Resources Plc (LON:GLR) insider J Richard Wollenberg acquired 250,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £2,500 ($3,087.94).

Galileo Resources Price Performance

Shares of LON GLR traded down GBX 0.01 ($0.00) during trading on Tuesday, hitting GBX 1.19 ($0.01). 4,947,285 shares of the company were exchanged, compared to its average volume of 1,871,770. The company has a market cap of £13.80 million, a price-to-earnings ratio of -13.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.01 and a quick ratio of 12.53. Galileo Resources Plc has a 1 year low of GBX 0.85 ($0.01) and a 1 year high of GBX 1.50 ($0.02). The firm’s fifty day moving average price is GBX 1.06 and its 200 day moving average price is GBX 1.07.

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.