Galileo Resources (GLR)

Sector:

Mining

Index:

FTSE AIM All-Share

0.91p
   
  • Change Today:
    -0.040p
  • 52 Week High: 1.25
  • 52 Week Low: 0.75
  • Currency: UK Pounds
  • Shares Issued: 1,163.19m
  • Volume: 840,000
  • Market Cap: £10.59m

Galileo starts fresh drilling programme at Shinganda

By Josh White

Date: Wednesday 21 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Galileo Resources announced the start of phase three reverse circulation (RC) drilling on its Shinganda Licence in central western Zambia on Wednesday.
The AIM-traded firm said the phase of exploration was focussed on a potential large iron oxide copper gold (IOCG) target, particularly along a 10 kilometre stretch of copper-gold mineral-bearing fault and shear zones identified along the Shinganda Main Fault and associated Splay structures.

Previous exploration efforts confirmed the presence of copper-gold mineralisation at surface within the shears, with the current drilling programme aiming to further define the extent of that mineralisation.

Galileo said it would update the market as drilling results became available.

At 1119 BST, shares in Galileo Resources were up 9.09% at 1.2p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GLR Market Data

Currency UK Pounds
Share Price 0.91p
Change Today -0.040p
% Change -4.21 %
52 Week High 1.25
52 Week Low 0.75
Volume 840,000
Shares Issued 1,163.19m
Market Cap £10.59m

GLR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.84% above the market average3.84% above the market average3.84% above the market average3.84% above the market average3.84% above the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Price Trend
45.03% below the market average45.03% below the market average45.03% below the market average45.03% below the market average45.03% below the market average
3.76% above the sector average3.76% above the sector average3.76% above the sector average3.76% above the sector average3.76% above the sector average
Income Not Available
Growth
49.57% above the market average49.57% above the market average49.57% above the market average49.57% above the market average49.57% above the market average
37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average

GLR Dividends

No dividends found

Trades for 03-Jun-2025

Time Volume / Share Price
08:09 700,000 @ 0.90p
08:48 140,000 @ 0.97p

GLR Key Personnel

Finance Director Joel Silberstein

Top of Page