Regency Mines Plc (RGM.L) (LON:RGM) Trading Down 2.7% – Should You Sell?

Regency Mines Plc (RGM.L) (LON:RGMGet Free Report)’s stock price dropped 2.7% during mid-day trading on Monday . The stock traded as low as GBX 0.85 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 4,251,621 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 2,226,957 shares. The stock had previously closed at GBX 0.93 ($0.01).

Regency Mines Plc (RGM.L) Price Performance

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

Regency Mines Plc (RGM.L) Company Profile

(Get Free Report)

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.

Further Reading

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