Resolute Mining (LON:RSG) Shares Down 4.2%

Resolute Mining Limited (LON:RSG) shares traded down 4.2% during mid-day trading on Monday . The stock traded as low as GBX 24.60 ($0.31) and last traded at GBX 24.90 ($0.31). 206,117 shares traded hands during trading, a decline of 25% from the average session volume of 273,824 shares. The stock had previously closed at GBX 26 ($0.32).

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on shares of Resolute Mining from GBX 26 ($0.32) to GBX 27 ($0.34) and gave the company a “buy” rating in a report on Friday, March 1st.

Resolute Mining Trading Down 4.2 %

The company’s 50 day moving average price is GBX 20.33 and its two-hundred day moving average price is GBX 20.59. The company has a debt-to-equity ratio of 15.55, a current ratio of 1.25 and a quick ratio of 0.41. The stock has a market capitalization of £530.37 million, a PE ratio of 1,245.00 and a beta of 1.16.

Resolute Mining Company Profile

Resolute Mining Limited engages in mining, prospecting, and exploration for minerals in Africa, the United Kingdom, and Australia. It is involved in mining gold and silver. 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.