Reabold Resources (LON:RBD) Shares Up 21.6% Following Insider Buying Activity

Reabold Resources Plc (LON:RBD) shares rose 21.6% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 0.07 ($0.00) and last traded at GBX 0.06 ($0.00). Approximately 220,636,531 shares were traded during trading, an increase of 742% from the average daily volume of 26,190,104 shares. The stock had previously closed at GBX 0.05 ($0.00).

Specifically, insider Stephen Williams acquired 90,906,360 shares of Reabold Resources stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £909,063.60 ($1,233,632.24). Also, insider Sachin Oza bought 79,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £790,000 ($1,072,058.62).

Reabold Resources Stock Performance

The company has a market capitalization of £6.32 million, a P/E ratio of -2.03 and a beta of 1.44. 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 business’s fifty day simple moving average is GBX 0.04 and its 200-day simple moving average is GBX 0.05.

Reabold Resources (LON:RBD) last issued its quarterly earnings data on Wednesday, June 11th. The company reported GBX (0.03) ($0.00) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Reabold Resources Plc will post -0.01 earnings per share for the current fiscal year.

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.