Reabold Resources (LON:RBD) Announces Earnings Results

Reabold Resources (LON:RBD) released its earnings results on Tuesday. The company reported GBX (80) EPS for the quarter, Digital Look Earnings reports.

Reabold Resources Price Performance

RBD stock opened at GBX 82 on Tuesday. The business’s 50-day moving average is GBX 95.25 and its two-hundred day moving average is GBX 92.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15. Reabold Resources has a 1 year low of GBX 35 and a 1 year high of GBX 160. The firm has a market capitalization of £11.89 million, a P/E ratio of -4.10 and a beta of 1.44.

Insiders Place Their Bets

In related news, insider Sachin Oza sold 45,500 shares of Reabold Resources stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of GBX 90, for a total value of £40,950. 28.24% of the stock is currently owned by company insiders.

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.