Richland Resources Ltd (RLD.L) (LON:RLD) Stock Crosses Below 200-Day Moving Average – Here’s Why

Richland Resources Ltd (RLD.L) (LON:RLD)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2.62 ($0.03) and traded as low as GBX 2.53 ($0.03). Richland Resources Ltd (RLD.L) shares last traded at GBX 2.63 ($0.03), with a volume of 149,408 shares changing hands.

Richland Resources Ltd (RLD.L) Price Performance

The company’s fifty day moving average price is GBX 2.62 and its two-hundred day moving average price is GBX 2.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 244.12. The company has a market cap of £29.09 million and a price-to-earnings ratio of -2.60.

About Richland Resources Ltd (RLD.L)

Richland Resources Ltd does not have significant operations. Previously, it was engaged in the mining, distribution, and sale of colored gemstones. The company was formerly known as TanzaniteOne Limited. Richland Resources Ltd is based in Hamilton, Bermuda.