Reabold Resources (LON:RBD) Issues Earnings Results

Reabold Resources (LON:RBD) released its quarterly earnings data on Wednesday. The company reported GBX (8.20) earnings per share for the quarter, Digital Look Earnings reports.

Reabold Resources Stock Performance

Shares of RBD stock opened at GBX 63 on Wednesday. Reabold Resources has a fifty-two week low of GBX 35 and a fifty-two week high of GBX 160. The stock’s 50-day moving average is GBX 65.90 and its two-hundred day moving average is GBX 84.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15. The firm has a market cap of £9.14 million, a P/E ratio of -0.79 and a beta of 1.44.

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.