Regency Mines (LON:RGM) Stock Price Crosses Below 50 Day Moving Average of $3.04

Regency Mines Plc (LON:RGM) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.04 and traded as low as $2.64. Regency Mines shares last traded at $2.65, with a volume of 280,818 shares.

The company has a market cap of $2.52 million and a price-to-earnings ratio of -0.11. The firm has a 50-day moving average price of GBX 3 and a 200 day moving average price of GBX 0.83. The company has a current ratio of 0.10, a quick ratio of 0.09 and a debt-to-equity ratio of 84.34.

Regency Mines (LON:RGM) last issued its earnings results on Friday, December 20th. The company reported GBX (0.26) ($0.00) EPS for the quarter.

In other news, insider James Parsons bought 727,273 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of GBX 3 ($0.04) per share, for a total transaction of £21,818.19 ($28,700.59).

About Regency Mines (LON:RGM)

Regency Mines Plc engages in the exploration and development of mineral properties, and oil and gas exploration. The company holds interests 20% in the Rosa metallurgical coal mine in Blount County, Alabama; 50% interests in the license EL1390 consisting of nickel-cobalt covering an area of 256 square kilometers near Kokoda in Papua New Guinea; and 100% interests in the license area 2014/01 comprising niobium and tantalum covering an area of 555 square kilometers in Narsarsuaq in Southern Greenland.

Further Reading: The limitations of an equal weight rating

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