Reabold Resources Plc (LON:RBD) Insider Sachin Oza Buys 79,000,000 Shares

Reabold Resources Plc (LON:RBD) insider Sachin Oza purchased 79,000,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £790,000 ($1,072,058.62).

Reabold Resources Trading Up 21.6%

Shares of RBD opened at GBX 0.06 ($0.00) on Tuesday. Reabold Resources Plc has a 12-month low of GBX 0.04 ($0.00) and a 12-month high of GBX 0.09 ($0.00). The company has a quick ratio of 34.15, a current ratio of 45.39 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of £6.32 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. The stock’s 50-day moving average price is GBX 0.04 and its 200 day moving average price is GBX 0.05.

Reabold Resources (LON:RBD) last released 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, research analysts predict that Reabold Resources Plc will post -0.01 earnings per share for the current 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.