Resolute Mining (LON:RSG) Shares Down 4.1% – Time to Sell?

Shares of Resolute Mining Limited (LON:RSG) were down 4.1% during trading on Wednesday . The stock traded as low as GBX 18.60 ($0.23) and last traded at GBX 18.60 ($0.23). Approximately 214,856 shares traded hands during trading, a decline of 45% from the average daily volume of 393,375 shares. The stock had previously closed at GBX 19.40 ($0.24).

Resolute Mining Stock Performance

The company has a debt-to-equity ratio of 10.70, a current ratio of 1.19 and a quick ratio of 0.41. The firm has a market capitalization of £426 million, a price-to-earnings ratio of 1,680.00 and a beta of 1.28. The firm’s fifty day moving average is GBX 25.37 and its 200 day moving average is GBX 30.94.

Resolute Mining Company Profile

Resolute Mining (ASX/LSE: RSG) is an African gold miner, developer and explorer with more than 30 years of experience across Australia and Africa. To date, the company has produced over nine million ounces of gold. It currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute’s gold production and cost guidance for FY2023 is 350,000oz at an All-In Sustaining Cost of $1,480/oz.

Through all its activities, sustainability is the core value at Resolute.