R.E.A. (LON:RE) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of R.E.A. Holdings plc (LON:RE) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 73.60 ($1.00) and traded as high as GBX 84.50 ($1.15). R.E.A. shares last traded at GBX 84.50 ($1.15), with a volume of 2,000 shares trading hands.

R.E.A. Stock Down 0.6%

The firm has a market cap of £46.03 million, a PE ratio of 14.07, a P/E/G ratio of 0.82 and a beta of 0.51. The company has a debt-to-equity ratio of 97.73, a current ratio of 1.26 and a quick ratio of 1.04. The business has a fifty day moving average price of GBX 73.60 and a two-hundred day moving average price of GBX 71.75.

R.E.A. Company Profile

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants.