Resolute Mining (LON:RSG) Stock Price Down 4.3% - Here's Why

Resolute Mining Limited (LON:RSG - Get Free Report) shares dropped 4.3% during mid-day trading on Tuesday . The stock traded as low as GBX 20.20 ($0.26) and last traded at GBX 20.20 ($0.26). Approximately 136,426 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 407,180 shares. The stock had previously closed at GBX 21.10 ($0.27).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 39 ($0.50) price objective on shares of Resolute Mining in a report on Friday, August 30th.

Resolute Mining Stock Up 0.6 %

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 firm has a market capitalization of £443.38 million, a P/E ratio of 1,680.00 and a beta of 1.28. The stock has a fifty day moving average price of GBX 31.68 and a two-hundred day moving average price of GBX 31.88.

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.