Reabold Resources (LON:RBD) Stock Price Up 14% – Still a Buy?

Reabold Resources Plc (LON:RBD)’s share price shot up 14% on Wednesday . The stock traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 50,365,246 shares were traded during mid-day trading, an increase of 117% from the average session volume of 23,171,463 shares. The stock had previously closed at GBX 0.04 ($0.00).

Reabold Resources Price Performance

The company has a market cap of £4.59 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’s fifty day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.05.

Reabold Resources (LON:RBD) last released its quarterly earnings results on Wednesday, June 11th. The company reported GBX (0.03) ($0.00) earnings per share for the quarter. On average, equities research analysts forecast that Reabold Resources Plc will post -0.01 EPS for the current fiscal year.

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.