Resolute Mining (LON:RSG) Shares Up 12.8% - Here's Why

Resolute Mining Limited (LON:RSG - Get Free Report) rose 12.8% during mid-day trading on Tuesday . The company traded as high as GBX 26.90 ($0.36) and last traded at GBX 26.85 ($0.36). Approximately 1,167,159 shares traded hands during trading, an increase of 350% from the average daily volume of 259,240 shares. The stock had previously closed at GBX 23.80 ($0.32).

Wall Street Analysts Forecast Growth

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

Resolute Mining Stock Performance

The stock has a 50-day simple moving average of GBX 22.06 and a 200 day simple moving average of GBX 22.67. The company has a market cap of £769.99 million, a price-to-earnings ratio of 62.77 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 9.86.

About Resolute Mining

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.