Reabold Resources (LON:RBD) Stock Price Down 9.4% – What’s Next?

Reabold Resources Plc (LON:RBD) shares fell 9.4% during mid-day trading on Friday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 15,000,244 shares traded hands during trading, a decline of 42% from the average session volume of 25,648,486 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Stock Down 9.4 %

The firm has a market capitalization of £4.89 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The business has a 50 day moving average of GBX 0.05 and a 200 day moving average of GBX 0.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15.

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.