Resolute Mining (LON:RSG) Trading Down 7.3% - Here's What Happened

Resolute Mining Limited (LON:RSG - Get Free Report)'s share price fell 7.3% during mid-day trading on Thursday . The company traded as low as GBX 28.40 ($0.38) and last traded at GBX 29.40 ($0.39). 1,710,938 shares were traded 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 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 Stock Performance

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 stock's 50 day moving average price is GBX 26.55 and its two-hundred day moving average price is GBX 22.22. The firm has a market capitalization of £783.93 million, a PE ratio of 63.91 and a beta of 1.28.

Resolute Mining Company Profile

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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