Reabold Resources (LON:RBD) Trading 16% Higher – Here’s What Happened

Reabold Resources Plc (LON:RBD) traded up 16% on Tuesday . The stock traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.06 ($0.00). 128,814,273 shares traded hands during mid-day trading, an increase of 397% from the average session volume of 25,936,551 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Stock Performance

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 firm has a fifty day simple moving average of GBX 0.06 and a two-hundred day simple moving average of GBX 0.05. The firm has a market cap of £5.40 million, a price-to-earnings ratio of -2.03 and a beta of 1.44.

Reabold Resources (LON:RBD) last released its earnings results on Wednesday, June 11th. The company reported GBX (0.03) earnings per share (EPS) for the quarter. On average, analysts expect that Reabold Resources Plc will post -0.01 EPS for the current year.

Insider Activity

In other Reabold Resources news, insider Sachin Oza purchased 79,000,000 shares of the stock in a transaction on Monday, June 16th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £790,000. Also, insider Stephen Williams bought 90,906,360 shares of Reabold Resources stock in a transaction on Monday, June 16th. The shares were purchased at an average cost of GBX 1 per share, with a total value of £909,063.60. 26.28% of the stock is owned by company insiders.

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.