Resolute Mining (LON:RSG) Trading 2.2% Higher

Shares of Resolute Mining Limited (LON:RSG) traded up 2.2% on Tuesday . The stock traded as high as GBX 23.54 ($0.30) and last traded at GBX 22.90 ($0.29). 148,931 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 287,497 shares. The stock had previously closed at GBX 22.40 ($0.28).

Analyst Ratings Changes

Separately, Berenberg Bank upped their price target on Resolute Mining from GBX 26 ($0.33) to GBX 27 ($0.34) and gave the company a “buy” rating in a report on Friday, March 1st.

Resolute Mining Stock Performance

The company has a debt-to-equity ratio of 15.55, a quick ratio of 0.41 and a current ratio of 1.25. The business’s fifty day moving average price is GBX 21.63 and its 200-day moving average price is GBX 21.02. The stock has a market cap of £487.77 million, a PE ratio of 1,145.00 and a beta of 1.16.

About Resolute Mining

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.