Richland Resources Ltd (RLD.L) (LON:RLD) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Richland Resources Ltd (RLD.L) (LON:RLD)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

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

The company has a market capitalization of £29.09 million and a P/E ratio of -2.60. The company has a debt-to-equity ratio of 244.12, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a 50 day moving average price of GBX 2.62 and a 200 day moving average price of GBX 2.62.

Richland Resources Ltd (RLD.L) Company Profile

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.