Galecto to Explore Strategic Alternatives

(24/7 MARKET NEWS) – Galecto, Inc. (NASDAQ: GLTO) stated, this morning, that it completed a review of its business, including the status of its programs, resources, and capabilities, and made the determination to conduct a comprehensive exploration of strategic alternatives focused on maximizing shareholder value.

Galecto is trading at $0.72, up $0.15 (+26.65%), on 928.54K premarket shares traded.

Its 52-week range is $0.5446 to $3.70. I’m not sure that it will breach a dollar, but there’s a sweet gap to over $2, if it does.

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