Reabold Resources (LON:RBD) Shares Down 11.1% – Here’s What Happened

Reabold Resources Plc (LON:RBD) traded down 11.1% on Wednesday . The stock traded as low as GBX 0.07 and last traded at GBX 0.08. 27,999,445 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 203,673,047 shares. The stock had previously closed at GBX 0.09.

Reabold Resources Trading Down 11.1%

The stock has a market cap of £8.16 million, a price-to-earnings ratio of -4.00 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. The company’s fifty day moving average price is GBX 0.08 and its 200-day moving average price is GBX 0.06.

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.