Reabold Resources (LON:RBD) Shares Down 10% – Here’s Why

Reabold Resources Plc (LON:RBD) dropped 10% during mid-day trading on Tuesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 6,342,200 shares were traded during trading, a decline of 72% from the average daily volume of 22,624,480 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Stock Performance

The firm has a market cap of £4.38 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The company has a quick ratio of 34.15, a current ratio of 45.39 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of GBX 0.05 and a 200 day moving average of GBX 0.05.

Reabold Resources Company Profile

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.