Regency Mines Plc (RGM.L) (LON:RGM) Shares Cross Below 200 Day Moving Average – Time to Sell?

Regency Mines Plc (RGM.L) (LON:RGM)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.90 ($0.01) and traded as low as GBX 0.85 ($0.01). Regency Mines Plc (RGM.L) shares last traded at GBX 0.90 ($0.01), with a volume of 4,251,621 shares.

Regency Mines Plc (RGM.L) Price Performance

The stock has a fifty day moving average price of GBX 0.90 and a two-hundred day moving average price of GBX 0.90. The firm has a market capitalization of £1.71 million and a P/E ratio of -0.10. The company has a debt-to-equity ratio of 25.75, a quick ratio of 0.77 and a current ratio of 0.77.

About Regency Mines Plc (RGM.L)

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.