R.E.A. (LON:RE) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• R.E.A. Holdings plc's share price recently exceeded its 50-day moving average of GBX 87.78, indicating positive momentum in trading.
• The company's stock is currently priced at GBX 98 ($1.32) and has a market capitalization of £53.39 million.
• R.E.A. operates primarily in the cultivation of oil palms in Indonesia, while also engaging in mining and renewable energy generation.

R.E.A. Holdings plc (LON:RE - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 87.78 ($1.19) and traded as high as GBX 99.50 ($1.34). R.E.A. shares last traded at GBX 98 ($1.32), with a volume of 24,384 shares traded.

R.E.A. Trading Up 0.3%

The stock's 50 day moving average price is GBX 89 and its 200-day moving average price is GBX 76.99. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 97.73. The stock has a market capitalization of £53.39 million, a PE ratio of 16.32, a PEG ratio of 0.82 and a beta of 0.51.

R.E.A. Company Profile

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants.