R.E.A. (LON:RE) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• R.E.A. Holdings plc stock price has crossed above its 50-day moving average of GBX 94.22, trading up to GBX 104 during recent sessions.
• The company has a market cap of £55.02 million and a PE ratio of 16.82, indicating a stable financial position amidst its operations in oil palm cultivation and mining.
• R.E.A. engages in the cultivation of oil palms in Indonesia and also produces renewable energy from methane capture plants, diversifying its business interests beyond agriculture.

R.E.A. Holdings plc (LON:RE - ) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 94.22 ($1.27) and traded as high as GBX 104 ($1.41). R.E.A. shares last traded at GBX 101 ($1.37), with a volume of 13,621 shares changing hands.

R.E.A. Stock Down 0.2%

The company has a market cap of £55.02 million, a PE ratio of 16.82, a P/E/G ratio of 0.82 and a beta of 0.51. 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 firm's fifty day simple moving average is GBX 94.22 and its 200-day simple moving average is GBX 80.45.

About R.E.A.

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.

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