Obtala (LON:OBT) Trading Down 2.8% – Time to Sell?

Obtala Ltd (LON:OBT) was down 2.8% on Thursday . The company traded as low as GBX 6.90 ($0.09) and last traded at GBX 6.90 ($0.09). Approximately 227,500 shares were traded during trading, a decline of 67% from the average daily volume of 683,806 shares. The stock had previously closed at GBX 7.10 ($0.09).

Obtala Stock Performance

The company has a debt-to-equity ratio of 15.92, a quick ratio of 0.43 and a current ratio of 0.89. The firm has a 50 day moving average price of GBX 6.90 and a two-hundred day moving average price of GBX 6.90. The company has a market capitalization of £28.50 million and a P/E ratio of -1.86.

Obtala Company Profile

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.