Reabold Resources (LON:RBD) Hits New 12-Month Low – What’s Next?

Reabold Resources Plc (LON:RBD)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00), with a volume of 3447494 shares trading hands. The stock had previously closed at GBX 0.04 ($0.00).

Reabold Resources Stock Down 4.7 %

The business’s 50 day simple moving average is GBX 0.05 and its 200-day simple moving average is GBX 0.06. The company has a market cap of £4.18 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39.

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.