Insider Buying: Reabold Resources Plc (LON:RBD) Insider Acquires 79,000,000 Shares of Stock

Reabold Resources Plc (LON:RBD) insider Sachin Oza acquired 79,000,000 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £790,000 ($1,072,058.62).

Reabold Resources Price Performance

Shares of Reabold Resources stock opened at GBX 0.06 ($0.00) on Tuesday. The company has a current ratio of 45.39, a quick ratio of 34.15 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of £6.32 million, a price-to-earnings ratio of -2.03 and a beta of 1.44. Reabold Resources Plc has a 1-year low of GBX 0.04 ($0.00) and a 1-year high of GBX 0.09 ($0.00). The firm’s 50-day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.05.

Reabold Resources (LON:RBD) last announced its earnings results on Wednesday, June 11th. The company reported GBX (0.03) ($0.00) EPS for the quarter. On average, equities analysts predict that Reabold Resources Plc will post -0.01 earnings per share for the current fiscal year.

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.