Reabold Resources (LON:RBD) Announces Quarterly Earnings Results

Reabold Resources (LON:RBD) issued its earnings results on Wednesday. The company reported GBX (8.20) EPS for the quarter, Digital Look Earnings reports.

Reabold Resources Stock Performance

LON RBD opened at GBX 65 on Friday. The firm’s 50 day simple moving average is GBX 65.34 and its 200 day simple moving average is GBX 83.81. The firm has a market capitalization of £9.43 million, a price-to-earnings ratio of -0.81 and a beta of 1.44. Reabold Resources has a 1 year low of GBX 35 and a 1 year high of GBX 160. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16.

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.