Resolute Mining (LON:RSG) Shares Down 7.3% - Should You Sell?

Resolute Mining Limited (LON:RSG - Get Free Report) shares fell 7.3% during mid-day trading on Thursday . The stock traded as low as GBX 28.40 ($0.38) and last traded at GBX 29.40 ($0.39). 1,710,938 shares traded hands during mid-day trading, an increase of 525% from the average session volume of 273,612 shares. The stock had previously closed at GBX 31.70 ($0.43).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued 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 quick ratio of 0.41 and a current ratio of 1.19. The stock has a market cap of £762.00 million, a P/E ratio of 62.12 and a beta of 1.28. The stock's fifty day simple moving average is GBX 26.86 and its 200-day simple moving average is GBX 22.33.

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.