Reabold Resources (LON:RBD) Shares Up 18.3% – Still a Buy?

Shares of Reabold Resources Plc (LON:RBD) shot up 18.3% on Tuesday . The stock traded as high as GBX 0.15 and last traded at GBX 0.14. 138,101,734 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 309,460,875 shares. The stock had previously closed at GBX 0.12.

Reabold Resources Stock Performance

The stock has a market cap of £14.37 million, a price-to-earnings ratio of -7.05 and a beta of 1.44. The company’s 50 day simple moving average is GBX 0.06 and its 200 day simple moving average is GBX 0.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39.

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.