Reabold Resources (LON:RBD) Stock Price Down 5.7% – What’s Next?

Reabold Resources Plc (LON:RBD) was down 5.7% on Thursday . The stock traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 70,345,055 shares traded hands during trading, an increase of 127% from the average daily volume of 31,043,199 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Price Performance

The stock has a market cap of £5.10 million, a price-to-earnings ratio of -2.50 and a beta of 1.44. The stock has a fifty day simple moving average of GBX 0.05 and a 200-day simple moving average of GBX 0.05. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16.

Reabold Resources (LON:RBD) last posted its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.01) earnings per share for the quarter. As a group, equities research analysts expect that Reabold Resources Plc will post -0.01 EPS for the current year.

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.