Reabold Resources (LON:RBD) Trading Up 13.2% – Here’s What Happened

Reabold Resources Plc (LON:RBD) rose 13.2% during trading on Tuesday . The company traded as high as GBX 0.06 and last traded at GBX 0.06. Approximately 13,858,426 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 31,706,615 shares. The stock had previously closed at GBX 0.05.

Reabold Resources Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15. The stock’s 50-day moving average price is GBX 0.04 and its 200-day moving average price is GBX 0.05. The company has a market cap of £6.12 million, a P/E ratio of -3.00 and a beta of 1.44.

Reabold Resources (LON:RBD) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX (0.01) EPS for the quarter. Equities analysts anticipate that Reabold Resources Plc will post -0.01 EPS for the current year.

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.