Resolute Mining (LON:RSG) Hits New 52-Week High at $39.40

Resolute Mining Limited (LON:RSG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 39.40 ($0.53) and last traded at GBX 39.20 ($0.52), with a volume of 45330 shares traded. The stock had previously closed at GBX 38.50 ($0.52).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set 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 quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 10.70. The business has a 50 day moving average price of GBX 33.77 and a two-hundred day moving average price of GBX 28.32. The stock has a market cap of £847.74 million, a P/E 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.