Reabold Resources (LON:RBD) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Reabold Resources Plc (LON:RBD)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.05 ($0.00) and traded as low as GBX 0.05 ($0.00). Reabold Resources shares last traded at GBX 0.05 ($0.00), with a volume of 27,415,184 shares.

Reabold Resources Trading Up 2.0 %

The company has a market cap of £5.20 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The business has a fifty day simple moving average of GBX 0.05 and a 200 day simple moving average of GBX 0.05. The company has a quick ratio of 34.15, a current ratio of 45.39 and a debt-to-equity ratio of 0.16.

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.