Resolute Mining (LON:RSG) Reaches New 1-Year High at $37.20

Resolute Mining Limited (LON:RSG)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 37.20 ($0.49) and last traded at GBX 36.20 ($0.47), with a volume of 239542 shares traded. The stock had previously closed at GBX 36 ($0.47).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 39 ($0.51) target price on shares of Resolute Mining in a research note on Friday, August 30th.

Resolute Mining Stock Performance

The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 10.70. The stock has a market cap of £790.23 million, a P/E ratio of 1,680.00 and a beta of 1.28. The firm’s 50-day moving average is GBX 33.16 and its two-hundred day moving average is GBX 27.36.

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.