Reabold Resources (LON:RBD) Shares Down 8.5% – Here’s Why

Reabold Resources Plc (LON:RBDGet Free Report) traded down 8.5% during mid-day trading on Monday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 107,086,734 shares were traded during trading, an increase of 171% from the average session volume of 39,449,625 shares. The stock had previously closed at GBX 0.06 ($0.00).

Reabold Resources Trading Down 8.5 %

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 company’s 50-day moving average is GBX 0.06 and its 200 day moving average is GBX 0.07. The company has a market cap of £5.50 million, a price-to-earnings ratio of -2.03 and a beta of 1.44.

About Reabold Resources

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Reabold Resources Plc invests in upstream oil and gas projects. It invests in Corallian, Danube, Rathlin, and PEDL183 in the United Kingdom and Europe; and others in the United States, as well as Parta exploration license area situated in Romania. The company was formerly known as Adventis Group plc and changed its name to Reabold Resources Plc in December 2012.

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