Reabold Resources (LON:RBD) Stock Price Up 21.3% – Should You Buy?

Reabold Resources Plc (LON:RBD) shares were up 21.3% during trading on Thursday . The company traded as high as GBX 0.10 and last traded at GBX 0.10. Approximately 42,983,773 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 200,542,031 shares. The stock had previously closed at GBX 0.08.

Reabold Resources Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39. The company’s fifty day simple moving average is GBX 0.08 and its two-hundred day simple moving average is GBX 0.06. The stock has a market capitalization of £9.17 million, a P/E ratio of -4.50 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.