R.E.A. (LON:RE) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

R.E.A. Holdings plc (LON:RE)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 95.96 ($1.29) and traded as high as GBX 107 ($1.44). R.E.A. shares last traded at GBX 105 ($1.42), with a volume of 33,602 shares trading hands.

R.E.A. Stock Performance

The business has a 50 day simple moving average of GBX 95.96 and a 200 day simple moving average of GBX 81.77. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 97.73. The company has a market capitalization of £57.20 million, a PE ratio of 17.48, a PEG ratio of 0.82 and a beta of 0.51.

Insider Buying and Selling

In other R.E.A. news, insider David Blackett purchased 45,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was bought at an average cost of GBX 101 per share, for a total transaction of £45,450. Company insiders own 41.43% of the company’s stock.

R.E.A. Company Profile

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants.