Reabold Resources (LON:RBD) Stock Price Down 10% – Should You Sell?

Shares of Reabold Resources Plc (LON:RBD) were down 10% during trading on Friday . The stock traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 76,101,250 shares traded hands during mid-day trading, an increase of 211% from the average daily volume of 24,460,885 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Price Performance

The company’s 50 day moving average price is GBX 0.04 and its 200 day moving average price is GBX 0.05. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16. The company has a market cap of £4.59 million, a price-to-earnings ratio of -2.03 and a beta of 1.44.

Reabold Resources (LON:RBD) last posted its earnings results on Wednesday, June 11th. The company reported GBX (0.03) ($0.00) earnings per share for the quarter. Equities research analysts forecast that Reabold Resources Plc will post -0.01 earnings per share for the current year.

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.