Resolute Mining (LON:RSG) Sets New 12-Month High at $31.80

Resolute Mining Limited (LON:RSG)’s stock price reached a new 52-week high on Friday . The company traded as high as GBX 31.80 ($0.40) and last traded at GBX 31.56 ($0.40), with a volume of 148381 shares. The stock had previously closed at GBX 30.70 ($0.39).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on shares of Resolute Mining from GBX 35 ($0.44) to GBX 37 ($0.47) and gave the company a “buy” rating in a report on Monday, June 3rd.

Resolute Mining Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.41 and a debt-to-equity ratio of 15.55. The stock’s 50 day moving average price is GBX 26.41 and its 200 day moving average price is GBX 23.03. The company has a market capitalization of £664.45 million, a price-to-earnings ratio of 1,535.00 and a beta of 1.16.

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.