Reabold Resources (LON:RBD) Trading 31.4% Higher – What’s Next?

Reabold Resources Plc (LON:RBD)’s stock price was up 31.4% during mid-day trading on Monday . The stock traded as high as GBX 0.16 and last traded at GBX 0.16. Approximately 345,730,156 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 303,216,781 shares. The stock had previously closed at GBX 0.12.

Reabold Resources Stock Up 27.1%

The company has a market capitalization of £15.29 million, a P/E ratio of -7.50 and a beta of 1.44. The company has a 50-day moving average of GBX 0.05 and a two-hundred day moving average of GBX 0.05. The company has a quick ratio of 34.15, a current ratio of 45.39 and a debt-to-equity ratio of 0.16.

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.