Resolute Mining (LON:RSG) Trading Down 4.3% – Should You Sell?

Resolute Mining Limited (LON:RSG)’s share price fell 4.3% during trading on Tuesday . The stock traded as low as GBX 20.20 ($0.26) and last traded at GBX 20.20 ($0.26). 136,426 shares were traded during trading, a decline of 66% from the average session volume of 407,180 shares. The stock had previously closed at GBX 21.10 ($0.27).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 39 ($0.50) price target on shares of Resolute Mining in a research note on Friday, August 30th.

Resolute Mining Price Performance

The company has a debt-to-equity ratio of 10.70, a quick ratio of 0.41 and a current ratio of 1.19. The company has a market capitalization of £430.26 million, a price-to-earnings ratio of 1,680.00 and a beta of 1.28. The company has a 50-day moving average price of GBX 32.04 and a 200-day moving average price of GBX 31.93.

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.