Reabold Resources (LON:RBD) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Reabold Resources Plc (LON:RBD) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 0.05 ($0.00) and traded as low as GBX 0.05 ($0.00). Reabold Resources shares last traded at GBX 0.05 ($0.00), with a volume of 417,931 shares trading hands.

Reabold Resources Trading Down 4.2 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39. The company has a market capitalization of £4.69 million, a P/E ratio of -2.03 and a beta of 1.44. The company’s fifty day simple moving average is GBX 0.05 and its 200-day simple moving average is GBX 0.06.

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.