Reabold Resources (LON:RBD) Stock Price Down 7.7% – Here’s Why

Reabold Resources Plc (LON:RBD)’s share price traded down 7.7% during trading on Tuesday . The stock traded as low as GBX 0.12 and last traded at GBX 0.12. 199,725,063 shares were traded during trading, a decline of 39% from the average session volume of 328,456,313 shares. The stock had previously closed at GBX 0.13.

Reabold Resources Price Performance

The company has a quick ratio of 34.15, a current ratio of 45.39 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is GBX 0.05 and its 200 day simple moving average is GBX 0.05. The firm has a market capitalization of £12.54 million, a P/E ratio of -6.15 and a beta of 1.44.

Reabold Resources Company Profile

Reabold Resources plc is an investing company investing in the exploration and production (“E&P”) sector. The Company’s investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.

As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.

Reabold’s long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company.