Reabold Resources (LON:RBD) Trading Up 7.1% – Here’s Why

Shares of Reabold Resources Plc (LON:RBD) rose 7.1% during trading on Wednesday . The stock traded as high as GBX 0.09 and last traded at GBX 0.09. Approximately 69,341,125 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 187,895,500 shares. The stock had previously closed at GBX 0.08.

Reabold Resources Price Performance

The firm has a market cap of £9.68 million, a P/E ratio of -4.75 and a beta of 1.44. The firm’s fifty day simple moving average is GBX 0.08 and its 200 day simple moving average is GBX 0.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39.

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.