Resolute Mining Limited (LON:RSG) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 19.55 ($0.26) and last traded at GBX 20 ($0.26), with a volume of 80732 shares traded. The stock had previously closed at GBX 20.60 ($0.27).
Separately, Berenberg Bank lowered their price target on Resolute Mining from GBX 58 ($0.76) to GBX 52 ($0.68) and set a “buy” rating for the company in a research report on Wednesday, October 6th.
The stock has a 50 day simple moving average of GBX 23.03 and a two-hundred day simple moving average of GBX 27.17. The firm has a market cap of £220.78 million and a PE ratio of -1.37. The company has a debt-to-equity ratio of 56.27, a quick ratio of 0.61 and a current ratio of 1.60.
Resolute Mining Limited engages in mining, exploration, development, and production of gold properties in Africa and Australia. 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. The company is also involved in the prospecting and exploration of minerals.
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