Reabold Resources (LON:RBD) Hits New 1-Year Low – Here’s Why

Reabold Resources Plc (LON:RBD)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.04 and last traded at GBX 0.04, with a volume of 23106 shares traded. The stock had previously closed at GBX 0.04.

Reabold Resources Price Performance

The stock has a market capitalization of £3.87 million, a P/E ratio of -1.90 and a beta of 1.44. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is GBX 0.05 and its 200-day moving average is GBX 0.05.

Reabold Resources (LON:RBD) last issued its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.01) earnings per share for the quarter. As a group, equities research analysts predict that Reabold Resources Plc will post -0.01 earnings per share for the current year.

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.