Richland Resources Ltd (RLD.L) (LON:RLD) Trading Down 36.7% – Here’s What Happened

Richland Resources Ltd (RLD.L) (LON:RLD) fell 36.7% during trading on Wednesday . The company traded as low as GBX 2.53 ($0.03) and last traded at GBX 2.63 ($0.03). 149,408 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,164,218 shares. The stock had previously closed at GBX 4.15 ($0.05).

Richland Resources Ltd (RLD.L) Price Performance

The firm has a market capitalization of £29.09 million and a PE ratio of -2.60. The business’s fifty day moving average price is GBX 2.62 and its 200 day moving average price is GBX 2.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 244.12.

About Richland Resources Ltd (RLD.L)

Richland Resources Ltd does not have significant operations. Previously, it was engaged in the mining, distribution, and sale of colored gemstones. The company was formerly known as TanzaniteOne Limited. Richland Resources Ltd is based in Hamilton, Bermuda.