Reabold Resources (LON:RBD) Shares Up 18.3% – Here’s What Happened

Shares of Reabold Resources Plc (LON:RBD) shot up 18.3% during mid-day trading on Tuesday . The stock traded as high as GBX 0.15 and last traded at GBX 0.14. 138,101,734 shares were traded during trading, a decline of 55% from the average session volume of 309,460,875 shares. The stock had previously closed at GBX 0.12.

Reabold Resources Stock Performance

The stock’s 50-day moving average price is GBX 0.06 and its 200-day moving average price is GBX 0.06. 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 capitalization of £14.37 million, a P/E ratio of -7.05 and a beta of 1.44.

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.