Richland Resources Ltd (RLD.L) (LON:RLD) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Richland Resources Ltd (RLD.L) (LON:RLD) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2.62 ($0.03) and traded as low as GBX 2.53 ($0.03). Richland Resources Ltd (RLD.L) shares last traded at GBX 2.63 ($0.03), with a volume of 149,408 shares traded.

Richland Resources Ltd (RLD.L) Trading Down 36.7 %

The stock’s 50 day simple moving average is GBX 2.62 and its two-hundred day simple moving average is GBX 2.62. The stock has a market capitalization of £29.09 million and a PE ratio of -2.60. The company has a debt-to-equity ratio of 244.12, a current ratio of 0.34 and a quick ratio of 0.34.

About Richland Resources Ltd (RLD.L)

Richland Resources Ltd does not have significant operations. Previously, it was engaged in the mining, distribution, and sale of colored gemstones. The company was formerly known as TanzaniteOne Limited. Richland Resources Ltd is based in Hamilton, Bermuda.