Reabold Resources Plc (LON:RBD) Insider Buys £790,000 in Stock

Reabold Resources Plc (LON:RBD) insider Sachin Oza purchased 79,000,000 shares of Reabold Resources stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £790,000 ($1,060,118.09).

Reabold Resources Trading Up 1.7%

Shares of LON RBD opened at GBX 0.06 ($0.00) on Thursday. The stock has a market cap of £6.22 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The company has a quick ratio of 34.15, a current ratio of 45.39 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is GBX 0.04 and its 200-day moving average is GBX 0.05. Reabold Resources Plc has a twelve month low of GBX 0.04 ($0.00) and a twelve month high of GBX 0.09 ($0.00).

Reabold Resources (LON:RBD) last issued its quarterly earnings results on Wednesday, June 11th. The company reported GBX (0.03) ($0.00) EPS for the quarter. Equities research analysts predict that Reabold Resources Plc will post -0.01 EPS for the current year.

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.