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

Reabold Resources Plc (LON:RBD) traded down 9.1% on Thursday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 6,594,029 shares changed hands during trading, a decline of 74% from the average session volume of 25,356,334 shares. The stock had previously closed at GBX 0.06 ($0.00).

Reabold Resources Stock Performance

The company has a market cap of £5.10 million, a P/E 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 stock has a 50 day moving average price of GBX 0.06 and a two-hundred day moving average price of GBX 0.05.

Reabold Resources (LON:RBD) last announced its earnings results on Wednesday, June 11th. The company reported GBX (0.03) earnings per share for the quarter. On average, research analysts predict that Reabold Resources Plc will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Stephen Williams bought 90,906,360 shares of the stock in a transaction dated Monday, June 16th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £909,063.60. Also, insider Sachin Oza bought 79,000,000 shares of the stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of GBX 1 per share, for a total transaction of £790,000. 26.28% of the stock is currently owned by company insiders.

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.