Richland Resources Ltd (RLD.L) (LON:RLD) Shares Down 36.7%

Richland Resources Ltd (RLD.L) (LON:RLDGet Rating) dropped 36.7% during mid-day trading on Thursday . The company traded as low as GBX 2.53 ($0.03) and last traded at GBX 2.63 ($0.03). Approximately 149,408 shares traded hands during trading, a decline of 87% from the average daily volume of 1,164,218 shares. The stock had previously closed at GBX 4.15 ($0.05).

Richland Resources Ltd (RLD.L) Price Performance

The stock’s 50-day simple moving average is GBX 2.62 and its two-hundred day simple moving average is GBX 2.62. The company has a market capitalization of £29.09 million and a price-to-earnings ratio of -2.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 244.12.

About Richland Resources Ltd (RLD.L)

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Richland Resources Ltd does not have significant operations. Previously, it was engaged in the mining, distribution, and sale of colored gemstones. The company was formerly known as TanzaniteOne Limited. Richland Resources Ltd is based in Hamilton, Bermuda.

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