Reabold Resources (LON:RBD) Stock Price Up 9.1% – What’s Next?

Reabold Resources Plc (LON:RBD)’s stock price traded up 9.1% on Wednesday . The company traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.06 ($0.00). 4,793,367 shares traded hands during trading, a decline of 82% from the average session volume of 26,944,131 shares. The stock had previously closed at GBX 0.06 ($0.00).

Reabold Resources Trading Up 16.4 %

The business has a fifty day moving average of GBX 0.05 and a 200-day moving average of GBX 0.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39. The company has a market capitalization of £6.52 million, a P/E ratio of -2.03 and a beta of 1.44.

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.