Richland Resources Ltd (RLD.L) (LON:RLD) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Richland Resources Ltd (RLD.L) (LON:RLD)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2.62 ($0.03) and traded as low as GBX 2.53 ($0.03). Richland Resources Ltd (RLD.L) shares last traded at GBX 2.63 ($0.03), with a volume of 149,408 shares traded.

Richland Resources Ltd (RLD.L) Stock Down 36.7 %

The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 244.12. The firm has a market capitalization of £29.09 million and a P/E ratio of -2.60. The stock’s 50-day simple moving average is GBX 2.62 and its 200-day simple moving average is GBX 2.62.

About Richland Resources Ltd (RLD.L)

Richland Resources Ltd does not have significant operations. Previously, it was engaged in the mining, distribution, and sale of colored gemstones. The company was formerly known as TanzaniteOne Limited. Richland Resources Ltd is based in Hamilton, Bermuda.