R.E.A. (LON:RE) Stock Price Up 2.3% – Here’s Why

R.E.A. Holdings plc (LON:RE)’s stock price shot up 2.3% on Wednesday . The stock traded as high as GBX 79.50 ($1.01) and last traded at GBX 79.50 ($1.01). 30,381 shares were traded during mid-day trading, an increase of 1,774% from the average session volume of 1,621 shares. The stock had previously closed at GBX 77.75 ($0.99).

R.E.A. Stock Performance

The firm’s 50 day moving average price is GBX 82.34 and its two-hundred day moving average price is GBX 84.71. The firm has a market cap of £34.41 million, a PE ratio of -1,962.50, a PEG ratio of 0.82 and a beta of 0.51. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.04 and a current ratio of 1.26.

About R.E.A.

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants.