Reabold Resources (LON:RBD) Reaches New 1-Year High – Should You Buy?

Shares of Reabold Resources Plc (LON:RBD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 0.16 and last traded at GBX 0.14, with a volume of 212040891 shares. The stock had previously closed at GBX 0.13.

Reabold Resources Price Performance

The stock has a market capitalization of £13.97 million, a P/E ratio of -6.85 and a beta of 1.44. 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 firm has a 50-day moving average price of GBX 0.06 and a 200 day moving average price of GBX 0.06.

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.