Reabold Resources (LON:RBD) Shares Up 11.6% – Should You Buy?

Reabold Resources Plc (LON:RBDGet Free Report) shares were up 11.6% during trading on Wednesday . The company traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 58,733,926 shares were traded during trading, an increase of 151% from the average daily volume of 23,364,695 shares. The stock had previously closed at GBX 0.04 ($0.00).

Reabold Resources Stock Up 11.6 %

The company has a market cap of £4.89 million, a PE ratio of -2.03 and a beta of 1.44. 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 stock has a 50-day moving average of GBX 0.05 and a 200-day moving average of GBX 0.05.

Reabold Resources Company Profile

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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.

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