Regency Mines Plc (RGM.L) (LON:RGM) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Regency Mines Plc (RGM.L) (LON:RGM) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.90 ($0.01) and traded as low as GBX 0.85 ($0.01). Regency Mines Plc (RGM.L) shares last traded at GBX 0.90 ($0.01), with a volume of 4,251,621 shares changing hands.

Regency Mines Plc (RGM.L) Price Performance

The firm has a market cap of £1.71 million and a PE ratio of -0.10. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 25.75. The company has a 50 day moving average price of GBX 0.90 and a 200 day moving average price of GBX 0.90.

Regency Mines Plc (RGM.L) Company Profile

Regency Mines Plc engages in the exploration and development of mineral properties, and oil and gas exploration. The company holds interests 20% in the Rosa metallurgical coal mine in Blount County, Alabama; 50% interests in the license EL1390 consisting of nickel-cobalt covering an area of 256 square kilometers near Kokoda in Papua New Guinea; and 100% interests in the license area 2014/01 comprising niobium and tantalum covering an area of 555 square kilometers in Narsarsuaq in Southern Greenland.