Resolute Mining (LON:RSG) Sets New 1-Year High at $31.80

Shares of Resolute Mining Limited (LON:RSG) reached a new 52-week high on Friday . The company traded as high as GBX 31.80 ($0.40) and last traded at GBX 31.56 ($0.40), with a volume of 148381 shares. The stock had previously closed at GBX 30.70 ($0.39).

Analyst Ratings Changes

Separately, Berenberg Bank upped their price target on Resolute Mining from GBX 35 ($0.44) to GBX 37 ($0.47) and gave the company a “buy” rating in a report on Monday, June 3rd.

Resolute Mining Stock Up 1.6 %

The firm has a market capitalization of £664.45 million, a price-to-earnings ratio of 1,535.00 and a beta of 1.16. The business has a 50 day moving average of GBX 26.41 and a 200 day moving average of GBX 23.03. The company has a debt-to-equity ratio of 15.55, a current ratio of 1.25 and a quick ratio of 0.41.

About Resolute Mining

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.