Reabold Resources (LON:RBD) Trading 11.1% Higher – Here’s What Happened

Shares of Reabold Resources Plc (LON:RBD) traded up 11.1% on Thursday . The stock traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 5,020,673 shares were traded during trading, a decline of 65% from the average session volume of 14,198,157 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15. The stock has a fifty day simple moving average of GBX 0.05 and a 200-day simple moving average of GBX 0.06. The company has a market capitalization of £4.59 million, a price-to-earnings ratio of -2.03 and a beta of 1.44.

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.