Reabold Resources (LON:RBD) Shares Down 11.1% – Time to Sell?

Shares of Reabold Resources Plc (LON:RBD) fell 11.1% during trading on Thursday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 19,218,639 shares were traded during mid-day trading, a decline of 36% from the average session volume of 30,161,008 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Price Performance

The business’s 50 day moving average price is GBX 0.05 and its 200 day moving average price is GBX 0.06. The stock has a market capitalization of £4.89 million, a P/E ratio of -2.03 and a beta of 1.44. 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.