Reabold Resources (LON:RBD) Sets New 1-Year High – Here’s What Happened

Reabold Resources Plc (LON:RBD)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 0.12 and last traded at GBX 0.12, with a volume of 915720000 shares trading hands. The stock had previously closed at GBX 0.07.

Reabold Resources Trading Up 68.6%

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 business’s 50-day moving average is GBX 0.05 and its 200 day moving average is GBX 0.05. The firm has a market capitalization of £12.03 million, a P/E ratio of -5.90 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.