Resolute Mining (LON:RSG) Reaches New 1-Year High at $38.40

Resolute Mining Limited (LON:RSG) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 38.40 ($0.51) and last traded at GBX 37.80 ($0.50), with a volume of 597833 shares traded. The stock had previously closed at GBX 35.40 ($0.47).

Wall Street Analysts Forecast Growth

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

Resolute Mining Stock Performance

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 50 day moving average of GBX 33.41 and a 200 day moving average of GBX 27.73. The stock has a market capitalization of £805.14 million, a P/E ratio of 1,680.00 and a beta of 1.28.

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.