Resolute Mining (LON:RSG) Trading 9.5% Higher – Here’s Why

Resolute Mining Limited (LON:RSG)’s stock price traded up 9.5% during mid-day trading on Tuesday . The stock traded as high as GBX 21.80 ($0.28) and last traded at GBX 21.56 ($0.27). 480,247 shares were traded during mid-day trading, an increase of 19% from the average session volume of 402,058 shares. The stock had previously closed at GBX 19.70 ($0.25).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 39 ($0.49) price objective on shares of Resolute Mining in a research report on Friday, August 30th.

Resolute Mining Stock Down 3.2 %

The stock’s 50 day simple moving average is GBX 36.22 and its 200 day simple moving average is GBX 32.26. The stock has a market capitalization of £459.87 million, a P/E ratio of 1,680.00 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 10.70.

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.