Reabold Resources (LON:RBD) Trading Down 10.6% – Here’s Why

Shares of Reabold Resources Plc (LON:RBDGet Free Report) fell 10.6% on Tuesday . The stock traded as low as GBX 0.11 and last traded at GBX 0.11. 54,101,820 shares were traded during trading, a decline of 80% from the average session volume of 268,222,813 shares. The stock had previously closed at GBX 0.12.

Reabold Resources Stock Down 17.6%

The company has a market capitalization of £10.50 million, a PE ratio of -5.15 and a beta of 1.44. 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 firm has a 50-day moving average of GBX 0.07 and a two-hundred day moving average of GBX 0.06.

About Reabold Resources

(Get Free Report)

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.

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