Resolute Mining (LON:RSG) Trading Up 9.5% - Still a Buy?

Resolute Mining Limited (LON:RSG - Get Free Report) traded up 9.5% on Tuesday . The company traded as high as GBX 21.80 ($0.28) and last traded at GBX 21.56 ($0.27). 480,247 shares were traded during trading, an increase of 19% from the average session volume of 402,058 shares. The stock had previously closed at GBX 19.70 ($0.25).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 39 ($0.49) price target on shares of Resolute Mining in a report on Friday, August 30th.

Resolute Mining Price Performance

The company has a 50 day moving average of GBX 36.65 and a 200 day moving average of GBX 32.33. 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 stock has a market capitalization of £464.34 million, a price-to-earnings 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.