Resolute Mining (LON:RSG) Sets New 52-Week High – Still a Buy?

Resolute Mining Limited (LON:RSG) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 40 ($0.52) and last traded at GBX 39.60 ($0.52), with a volume of 139408 shares. The stock had previously closed at GBX 39.40 ($0.51).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 39 ($0.51) price objective on shares of Resolute Mining in a research report 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 35.09 and a two-hundred day moving average price of GBX 29.98. The stock has a market cap of £852 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.