Resolute Mining (LON:RSG) Reaches New 1-Year High at $39.40

Resolute Mining Limited (LON:RSG) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 39.40 ($0.53) and last traded at GBX 39.20 ($0.52), with a volume of 45330 shares. The stock had previously closed at GBX 38.50 ($0.52).

Wall Street Analysts Forecast Growth

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

Resolute Mining Stock Performance

The company’s 50-day simple moving average is GBX 33.70 and its 200 day simple moving average is GBX 28.26. The stock has a market cap of £800.88 million, a P/E ratio of 1,680.00 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 10.70.

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.