Resolute Mining (LON:RSG) Stock Price Up 0.2% – What’s Next?

Shares of Resolute Mining Limited (LON:RSG) shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as GBX 22 ($0.28) and last traded at GBX 21.85 ($0.28). 194,901 shares traded hands during trading, a decline of 7% from the average session volume of 210,450 shares. The stock had previously closed at GBX 21.80 ($0.28).

Resolute Mining Price Performance

The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41. The firm has a market cap of £607.47 million, a price-to-earnings ratio of 49.52 and a beta of 1.28. The stock has a 50-day moving average price of GBX 19.70 and a 200 day moving average price of GBX 25.86.

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.