Resolute Mining (LON:RSG) Reaches New 1-Year High at $38.40

Resolute Mining Limited (LON:RSG) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 38.40 ($0.51) and last traded at GBX 37.80 ($0.50), with a volume of 597833 shares changing hands. The stock had previously closed at GBX 35.40 ($0.47).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 39 ($0.52) target price on shares of Resolute Mining in a research report on Friday, August 30th.

Resolute Mining Stock Down 1.9 %

The company has a debt-to-equity ratio of 10.70, a current ratio of 1.19 and a quick ratio of 0.41. The business has a fifty day moving average of GBX 33.58 and a 200-day moving average of GBX 27.91. The stock has a market cap of £783.84 million, a PE ratio of 1,680.00 and a beta of 1.28.

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.