Reabold Resources (LON:RBD) Stock Price Down 11.1% – What’s Next?

Reabold Resources Plc (LON:RBD) dropped 11.1% during trading on Thursday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 19,218,639 shares changed hands during trading, a decline of 36% from the average daily volume of 30,161,008 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Price Performance

The stock has a 50-day moving average of GBX 0.05 and a two-hundred day moving average of GBX 0.06. The firm has a market cap of £4.08 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16.

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.