Resolute Mining (LON:RSG) Shares Up 2.2%

Resolute Mining Limited (LON:RSG) traded up 2.2% on Tuesday . The stock traded as high as GBX 23.54 ($0.30) and last traded at GBX 22.90 ($0.29). 148,931 shares changed hands during trading, a decline of 48% from the average session volume of 287,497 shares. The stock had previously closed at GBX 22.40 ($0.28).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on Resolute Mining from GBX 26 ($0.33) to GBX 27 ($0.34) and gave the company a “buy” rating in a research note on Friday, March 1st.

Resolute Mining Price Performance

The business’s fifty day moving average price is GBX 21.63 and its 200 day moving average price is GBX 21.02. The company has a debt-to-equity ratio of 15.55, a current ratio of 1.25 and a quick ratio of 0.41. The stock has a market cap of £487.77 million, a P/E ratio of 1,145.00 and a beta of 1.16.

Resolute Mining Company Profile

Resolute Mining Limited engages in mining, prospecting, and exploration for minerals in Africa, the United Kingdom, and Australia. It is involved in mining gold and silver. The company's flagship project is the Syama Gold Mine located in Mali, West Africa. It also owns Mako Gold Mine in Senegal, West Africa.