Reabold Resources (LON:RBD) Trading 17.6% Higher – Time to Buy?

Reabold Resources Plc (LON:RBD)’s share price rose 17.6% during trading on Wednesday . The stock traded as high as GBX 0.10 and last traded at GBX 0.10. Approximately 14,541,438 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 167,439,938 shares. The stock had previously closed at GBX 0.09.

Reabold Resources Stock Up 17.6%

The business has a 50-day moving average of GBX 0.09 and a 200-day moving average of GBX 0.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39. The stock has a market capitalization of £10.19 million, a price-to-earnings ratio of -5.00 and a beta of 1.44.

About Reabold Resources

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.