Resolute Mining (LON:RSG) Stock Price Up 12.8% - Time to Buy?

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

Analyst Upgrades and Downgrades

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

Resolute Mining Stock Up 11.8 %

The firm has a market cap of £708.71 million, a P/E ratio of 57.78 and a beta of 1.28. The firm's 50 day moving average is GBX 21.30 and its two-hundred day moving average is GBX 22.95. 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.

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