Resolute Mining (LON:RSG) Trading Down 7.3% – What’s Next?

Resolute Mining Limited (LON:RSG)’s share price dropped 7.3% on Wednesday . The company traded as low as GBX 17.70 ($0.22) and last traded at GBX 17.80 ($0.22). Approximately 337,359 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 222,484 shares. The stock had previously closed at GBX 19.20 ($0.24).

Resolute Mining Trading Down 7.3 %

The stock has a market capitalization of £379.14 million, a P/E ratio of 1,680.00 and a beta of 1.28. The company has a debt-to-equity ratio of 10.70, a current ratio of 1.19 and a quick ratio of 0.41. The business’s 50 day simple moving average is GBX 20 and its 200-day simple moving average is GBX 28.88.

Resolute Mining Company Profile

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.