Reabold Resources (LON:RBD) Announces Quarterly Earnings Results

Reabold Resources (LON:RBD) released its quarterly earnings results on Tuesday. The company reported GBX (80) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Reabold Resources Stock Up 1.2%

Shares of LON RBD opened at GBX 81.98 on Wednesday. The firm has a fifty day moving average of GBX 94.81 and a 200-day moving average of GBX 92.51. Reabold Resources has a 52-week low of GBX 35 and a 52-week high of GBX 160. 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 market capitalization of £11.89 million, a PE ratio of -4.10 and a beta of 1.44.

Insider Transactions at Reabold Resources

In related news, insider Sachin Oza sold 45,500 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 90, for a total value of £40,950. 28.24% of the stock is currently owned by corporate 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.