Reabold Resources (LON:RBD) Stock Price Up 5.3% – What’s Next?

Reabold Resources Plc (LON:RBD) shot up 5.3% during trading on Wednesday . The stock traded as high as GBX 0.04 and last traded at GBX 0.04. 163,576,313 shares traded hands during mid-day trading, an increase of 423% from the average session volume of 31,254,582 shares. The stock had previously closed at GBX 0.04.

Reabold Resources Price Performance

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 company has a 50 day simple moving average of GBX 0.05 and a 200 day simple moving average of GBX 0.05. The stock has a market cap of £4.08 million, a P/E ratio of -2.00 and a beta of 1.44.

Reabold Resources (LON:RBD) last posted its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.01) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Reabold Resources Plc will post -0.01 earnings per share for the current fiscal 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.