Richland Resources Ltd (RLD.L) (LON:RLD) Stock Price Down 36.7% – Here’s Why

Richland Resources Ltd (RLD.L) (LON:RLD) fell 36.7% on Wednesday . The stock traded as low as GBX 2.53 ($0.03) and last traded at GBX 2.63 ($0.03). 149,408 shares traded hands during trading, a decline of 87% from the average session volume of 1,164,218 shares. The stock had previously closed at GBX 4.15 ($0.05).

Richland Resources Ltd (RLD.L) Stock Performance

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

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.