Reabold Resources (LON:RBD) Stock Price Up 13.2% – Here’s Why

Shares of Reabold Resources Plc (LON:RBD) traded up 13.2% during mid-day trading on Tuesday . The stock traded as high as GBX 0.06 and last traded at GBX 0.06. 13,858,426 shares were traded during mid-day trading, a decline of 56% from the average session volume of 31,706,615 shares. The stock had previously closed at GBX 0.05.

Reabold Resources Stock Performance

The stock has a market cap of £6.12 million, a P/E ratio of -3.00 and a beta of 1.44. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of GBX 0.04 and a 200 day simple moving average of GBX 0.05.

Reabold Resources (LON:RBD) last released its earnings results on Tuesday, September 30th. The company reported GBX (0.01) earnings per share (EPS) for the quarter. On average, equities analysts expect that Reabold Resources Plc will post -0.01 earnings per share for the current year.

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.