Reabold Resources (LON:RBD) Reaches New 12-Month Low – Should You Sell?

Reabold Resources Plc (LON:RBD) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00), with a volume of 26929633 shares traded. The stock had previously closed at GBX 0.04 ($0.00).

Reabold Resources Stock Performance

The firm’s fifty day simple moving average is GBX 0.05 and its 200 day simple moving average is GBX 0.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15. The company has a market capitalization of £4.48 million, a price-to-earnings ratio of -2.03 and a beta of 1.44.

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.