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

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

Resolute Mining Stock Down 7.3 %

The stock’s fifty day moving average price is GBX 20 and its 200-day moving average price is GBX 28.88. 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 company has a market capitalization of £379.14 million, a price-to-earnings ratio of 1,680.00 and a beta of 1.28.

About Resolute Mining

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.