Resolute Mining Limited (OTCMKTS:RMGGF) Short Interest Update

Resolute Mining Limited (OTCMKTS:RMGGF) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 3,228,499 shares, a decline of 46.4% from the July 30th total of 6,024,331 shares. Based on an average trading volume of 1,481 shares, the short-interest ratio is currently 2,179.9 days.

Resolute Mining Stock Performance

OTCMKTS:RMGGF remained flat at $1.02 on Monday. 10,900 shares of the company’s stock traded hands, compared to its average volume of 11,527. Resolute Mining has a 52-week low of $0.44 and a 52-week high of $1.22. The firm’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.86.

Analyst Ratings Changes

Separately, Royal Bank Of Canada began coverage on shares of Resolute Mining in a research report on Friday, August 7th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Resolute Mining Company Profile

Resolute Mining Limited, trading OTC under the symbol RMGGF, is an Australian‐based gold producer focused on the exploration, development and operation of gold mining assets across Africa and Australia. The company’s core activities include open‐pit and underground mining, ore processing and the sale of gold dore bars to regional refineries. Resolute’s vertically integrated approach encompasses the full mining lifecycle, from early‐stage exploration to sustained production and asset optimisation.

Resolute’s principal operating assets include the Syama Gold Mine in Mali, the Bibiani Gold Mine in Ghana, the Mako Gold Mine in Senegal and the Ravenswood Gold Mine in Queensland, Australia.