Reabold Resources (LON:RBD) Trading 5.3% Higher – Time to Buy?

by · The Cerbat Gem

Reabold Resources Plc (LON:RBD – Get Free Report) shares rose 5.3% during mid-day trading on Wednesday . The company traded as high as GBX 0.04 and last traded at GBX 0.04. Approximately 163,576,313 shares changed hands during trading, an increase of 423% from the average daily volume of 31,254,582 shares. The stock had previously closed at GBX 0.04.

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 company has a market capitalization of £4.08 million, a price-to-earnings ratio of -2.00 and a beta of 1.44. The company has a 50-day moving average price of GBX 0.05 and a 200-day moving average price of GBX 0.05.

Reabold Resources (LON:RBD – Get Free Report) last announced its quarterly earnings results on Tuesday, September 30th. The company reported GBX (0.01) earnings per share for the quarter. On average, equities research analysts expect that Reabold Resources Plc will post -0.01 EPS for the current fiscal year.

About Reabold Resources

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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.

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