Resolute Mining (LON:RSG) Trading Down 7.3% – Here’s What Happened

Shares of Resolute Mining Limited (LON:RSGGet Free Report) traded down 7.3% during trading on Thursday . The stock traded as low as GBX 28.40 ($0.38) and last traded at GBX 29.40 ($0.39). 1,710,938 shares traded hands during mid-day trading, an increase of 525% from the average session volume of 273,612 shares. The stock had previously closed at GBX 31.70 ($0.43).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 38 ($0.51) target price on shares of Resolute Mining in a research note on Thursday, April 24th.

Read Our Latest Research Report on Resolute Mining

Resolute Mining Price Performance

The stock has a market capitalization of £783.93 million, a PE ratio of 63.91 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86. The company’s 50 day simple moving average is GBX 26.55 and its 200 day simple moving average is GBX 22.22.

Resolute Mining Company Profile

(Get Free Report)

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 2025 is 275,000 – 300,000 oz at an AISC of $1,650 – 1,750/oz.

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

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