Regis Resources (OTCMKTS:RGRNF) Shares Pass Above 50 Day Moving Average – Here’s Why

Regis Resources Limited (OTCMKTS:RGRNF) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.98 and traded as high as $5.3550. Regis Resources shares last traded at $5.3550, with a volume of 1,050 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $6.50 price objective on shares of Regis Resources in a report on Sunday, October 12th.

Regis Resources Stock Up 5.0%

The stock has a 50 day moving average price of $4.98 and a 200 day moving average price of $4.07.

Regis Resources Company Profile

Regis Resources Limited (OTCMKTS:RGRNF) is an Australian-based gold producer focused on the exploration, development and mining of gold deposits. The company’s principal asset is the Duketon Gold Project, located in the Leonora region of Western Australia, where it operates a number of open-pit and underground gold mines. Regis generates revenue through the production and sale of gold doré bars to regional and global refineries.

The Duketon Gold Project comprises several mining operations, including Garden Well, Rosemont and Moolart Well, all supported by an on-site processing plant and associated infrastructure.