Richland Resources (RLD) Shares Down 11.3%

Richland Resources Ltd (LON:RLD) dropped 11.3% during mid-day trading on Wednesday . The stock traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 9,895,554 shares traded hands during trading, an increase of 3,664% from the average daily volume of 262,880 shares. The stock had previously closed at GBX 0.08 ($0.00).

The company has a debt-to-equity ratio of 26.35, a current ratio of 1.00 and a quick ratio of 0.34. The company has a market capitalization of $404,000.00 and a PE ratio of -0.09.

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About Richland Resources (LON:RLD)

Richland Resources Ltd, together with its subsidiaries, engages in the exploration, development, marketing, and sale of colored gemstones. The company primarily focuses on mining Capricorn sapphires. It holds interest in Capricorn Sapphire project that comprise various tenements covering an area of approximately 494 hectares located in Queensland, Australia.

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