Resolute Mining (LON:RSG) Shares Up 2.1% - Time to Buy?

Resolute Mining Limited (LON:RSG - Get Free Report) shares traded up 2.1% during mid-day trading on Thursday . The stock traded as high as GBX 31.70 ($0.43) and last traded at GBX 31.70 ($0.43). 59,134 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 251,578 shares. The stock had previously closed at GBX 31.05 ($0.42).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price objective on Resolute Mining from GBX 41 ($0.55) to GBX 45 ($0.60) and gave the company a "buy" rating in a research report on Wednesday, July 2nd.

Resolute Mining Trading Up 3.9%

The business has a 50 day moving average of GBX 29.32 and a two-hundred day moving average of GBX 23.50. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86. The firm has a market cap of £869.21 million, a P/E ratio of 70.86 and a beta of 1.28.

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.