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Resolute Mining (LON:RSG) Stock Price Up 11.2% - What's Next?

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Shares of Resolute Mining Limited (LON:RSG - Get Free Report) traded up 11.2% on Wednesday . The company traded as high as GBX 21 ($0.27) and last traded at GBX 20.40 ($0.26). 400,213 shares were traded during trading, an increase of 96% from the average session volume of 204,334 shares. The stock had previously closed at GBX 18.35 ($0.24).

Resolute Mining Price Performance

The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41. The firm has a market cap of £525.03 million, a price-to-earnings ratio of 42.80 and a beta of 1.28. The business's 50-day moving average price is GBX 19.28 and its two-hundred day moving average price is GBX 27.20.

Resolute Mining Company Profile

(Get Free Report)

Resolute Mining ASX/LSE: RSG is an African gold miner, developer and explorer with more than 30 years of experience across Australia and Africa. To date, the company has produced over nine million ounces of gold. It currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute's gold production and cost guidance for FY2023 is 350,000oz at an All-In Sustaining Cost of $1,480/oz. Through all its activities, sustainability is the core value at Resolute.

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