Reabold Resources (LON:RBD) Trading 31.4% Higher – Time to Buy?

Reabold Resources Plc (LON:RBD)’s share price shot up 31.4% during mid-day trading on Monday . The stock traded as high as GBX 0.16 and last traded at GBX 0.16. 345,730,156 shares traded hands during trading, an increase of 14% from the average session volume of 303,216,781 shares. The stock had previously closed at GBX 0.12.

Reabold Resources Price 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 firm has a fifty day simple moving average of GBX 0.05 and a 200 day simple moving average of GBX 0.05. The company has a market cap of £13.25 million, a PE ratio of -6.50 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.