Reabold Resources (LON:RBD) Announces Earnings Results

Reabold Resources (LON:RBD) released its quarterly earnings results on Wednesday. The company reported GBX (0.03) ($0.00) earnings per share for the quarter, Digital Look Earnings reports.

Reabold Resources Price Performance

Shares of Reabold Resources stock opened at GBX 0.05 ($0.00) on Thursday. The business has a 50 day simple moving average of GBX 0.04 and a two-hundred day simple moving average of GBX 0.05. Reabold Resources has a 12 month low of GBX 0.04 ($0.00) and a 12 month high of GBX 0.09 ($0.00). The stock has a market capitalization of £5.20 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.

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.