Resolute Mining (LON:RSG) Trading Up 6%

Resolute Mining Limited (LON:RSGGet Rating)’s stock price traded up 6% on Thursday . The company traded as high as GBX 18 ($0.22) and last traded at GBX 17.65 ($0.22). 160,204 shares were traded during mid-day trading, an increase of 83% from the average session volume of 87,561 shares. The stock had previously closed at GBX 16.65 ($0.21).

Separately, Berenberg Bank upped their price objective on shares of Resolute Mining from GBX 44 ($0.54) to GBX 46 ($0.57) and gave the company a “buy” rating in a report on Thursday, April 28th.

The stock has a market cap of £191.53 million and a PE ratio of -0.74. The company has a debt-to-equity ratio of 77.02, a current ratio of 1.40 and a quick ratio of 0.69. The business has a 50 day moving average price of GBX 19.02 and a two-hundred day moving average price of GBX 18.70.

About Resolute Mining (LON:RSG)

Resolute Mining Limited engages in mining, exploration, development, operation, and production of gold properties in Africa, the United Kingdom, and Australia. The company's flagship project is the Syama Gold Mine located in Mali, West Africa. It also owns Mako Gold Mine in Senegal, West Africa.

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