Resolute Mining (LON:RSG) Stock Price Up 1% - Here's What Happened

Resolute Mining Limited (LON:RSG - Get Free Report) shares traded up 1% on Wednesday . The stock traded as high as GBX 32 ($0.43) and last traded at GBX 31.70 ($0.43). 390,455 shares changed hands during trading, an increase of 49% from the average session volume of 261,222 shares. The stock had previously closed at GBX 31.40 ($0.42).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 38 ($0.51) target price on shares of Resolute Mining in a research report on Thursday, April 24th.

Resolute Mining Stock Down 1.5%

The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41. The firm's 50-day simple moving average is GBX 26.86 and its two-hundred day simple moving average is GBX 22.32. The company has a market capitalization of £762.00 million, a price-to-earnings ratio of 62.12 and a beta of 1.28.

Resolute Mining Company Profile

Resolute Mining ASX/LSE: RSG is an African gold miner, developer, and explorer with more than 30 years of experience across Australia and Africa. To date the Company has produced over nine million ounces of gold. It currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute's gold production and cost guidance for 2025 is 275,000 - 300,000 oz at an AISC of $1,650 - 1,750/oz. Through all its activities, sustainability is the core value at Resolute.