Richland Resources (LON:RLD) Shares Cross Below 50 Day Moving Average of $0.07

Richland Resources Ltd (LON:RLD) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.07 and traded as low as $0.07. Richland Resources shares last traded at $0.09, with a volume of 256,199,173 shares changing hands.

The stock has a fifty day simple moving average of GBX 0.07 and a two-hundred day simple moving average of GBX 0.09. The company has a market cap of $695,000.00 and a PE ratio of -0.46. The company has a current ratio of 1.11, a quick ratio of 0.03 and a debt-to-equity ratio of 244.12.

About Richland Resources (LON:RLD)

Richland Resources Ltd, together with its subsidiaries, engages in the exploration, development, marketing, and sale of colored gemstones. The company primarily focuses on mining Capricorn sapphires. It holds interest in Capricorn Sapphire project that comprise various tenements covering an area of approximately 494 hectares located in Queensland, Australia.

Further Reading: Discount Rate

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