Reabold Resources (LON:RBD) Posts Earnings Results

Reabold Resources (LON:RBD) announced its quarterly earnings results on Tuesday. The company reported GBX (80) earnings per share for the quarter, Digital Look Earnings reports.

Reabold Resources Stock Down 0.6%

Reabold Resources stock opened at GBX 82 on Tuesday. Reabold Resources has a fifty-two week low of GBX 35 and a fifty-two week high of GBX 160. The company has a debt-to-equity ratio of 0.16, a quick ratio of 34.15 and a current ratio of 45.39. The firm has a 50 day moving average price of GBX 95.25 and a 200 day moving average price of GBX 92.21. The company has a market capitalization of £11.89 million, a PE ratio of -4.10 and a beta of 1.44.

Insider Buying and Selling

In other Reabold Resources news, insider Sachin Oza sold 45,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 90, for a total transaction of £40,950. 28.24% of the stock is owned by company insiders.

Reabold Resources Company Profile

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.