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

Shares of Reabold Resources Plc (LON:RBD) dropped 10% on Friday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 103,824,500 shares were traded during mid-day trading, an increase of 298% from the average daily volume of 26,067,240 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Price Performance

The firm has a market capitalization of £4.59 million, a PE ratio of -2.03 and a beta of 1.44. The firm has a 50-day simple moving average of GBX 0.05 and a 200-day simple moving average of GBX 0.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15.

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.