Reabold Resources (LON:RBD) Shares Down 11.1% – Time to Sell?

Reabold Resources Plc (LON:RBD)’s share price was down 11.1% on Thursday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 19,218,639 shares traded hands during trading, a decline of 36% from the average daily volume of 30,161,008 shares. The stock had previously closed at GBX 0.05 ($0.00).

Reabold Resources Stock Up 6.7 %

The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is GBX 0.05 and its two-hundred day moving average is GBX 0.06. The firm has a market cap of £4.89 million, a P/E 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.