Reabold Resources (LON:RBD) Posts Earnings Results

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

Reabold Resources Stock Down 1.1%

RBD stock opened at GBX 80.10 on Thursday. The company has a market cap of £11.62 million, a price-to-earnings ratio of -4.00 and a beta of 1.44. The company has a fifty day moving average price of GBX 94.25 and a 200 day moving average price of GBX 92.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 45.39 and a quick ratio of 34.15. Reabold Resources has a 12 month low of GBX 35 and a 12 month high of GBX 160.

Insider Buying and Selling

In other news, insider Sachin Oza sold 45,500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of GBX 90, for a total value of £40,950. Corporate insiders own 28.24% of the company’s stock.

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.