Reabold Resources (LON:RBD) Shares Up 26.3% – Should You Buy?

Reabold Resources Plc (LON:RBD) shares traded up 26.3% during mid-day trading on Friday . The company traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 81,980,555 shares were traded during mid-day trading, an increase of 257% from the average session volume of 22,946,451 shares. The stock had previously closed at GBX 0.04 ($0.00).

Reabold Resources Price Performance

The company’s 50 day simple moving average is GBX 0.05 and its 200 day simple moving average is GBX 0.05. The company has a market capitalization of £4.79 million, a PE ratio of -2.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15.

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.