Regency Mines Plc (RGM.L) (LON:RGM) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Regency Mines Plc (RGM.L) (LON:RGM) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 0.90 ($0.01) and traded as high as GBX 0.94 ($0.01). Regency Mines Plc (RGM.L) shares last traded at GBX 0.90 ($0.01), with a volume of 4,251,621 shares changing hands.

Regency Mines Plc (RGM.L) Price Performance

The firm has a market cap of £1.71 million and a PE 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. The company’s 50-day simple moving average is GBX 0.90 and its two-hundred day simple moving average is GBX 0.90.

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.