Why the Resource Development (ASX:RDG) share price is one to watch

Shares of Resource Development Group Ltd (ASX: RDG) weren’t trading until moments before close today. But the share price slipped 1.96% in that small timeframe in the wake of this afternoon’s acquisition announcement.

Despite falling 50% during the February to March coronavirus-fuelled fire sale earlier this year, the Resource Development share price is up 150% year-to-date, and up 400% from its 25 March lows.

By comparison, the broader All Ordinaries Index (ASX: XAO) is up 2% so far in 2020.

What does the group do?

Resource Development provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its construction segment…