Resolute Mining (LON:RSG) Trading Down 2.3% - Should You Sell?

Shares of Resolute Mining Limited (LON:RSG - Get Free Report) dropped 2.3% during trading on Tuesday . The stock traded as low as GBX 28.10 ($0.38) and last traded at GBX 28.73 ($0.39). Approximately 358,809 shares traded hands during trading, an increase of 32% from the average daily volume of 271,028 shares. The stock had previously closed at GBX 29.40 ($0.40).

Wall Street Analyst Weigh In

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

Resolute Mining Trading Down 1.9%

The firm has a market capitalization of £775.32 million, a PE ratio of 63.21 and a beta of 1.28. The firm has a 50 day simple moving average of GBX 24.10 and a 200 day simple moving average of GBX 21.43. 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.