Regis Resources (OTCMKTS:RGRNF) Stock Passes Above 50-Day Moving Average – Time to Sell?

Regis Resources Limited (OTCMKTS:RGRNFGet Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.14 and traded as high as $5.25. Regis Resources shares last traded at $5.21, with a volume of 3,412 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group set a $6.50 target price on shares of Regis Resources in a report on Sunday, October 12th.

Check Out Our Latest Stock Analysis on RGRNF

Regis Resources Price Performance

The business’s 50-day simple moving average is $4.14 and its 200-day simple moving average is $3.45.

About Regis Resources

(Get Free Report)

Regis Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of gold projects in Australia. It owns interest in the Duketon gold project located in the North Eastern Goldfields of Western Australia; and the McPhillamys gold project situated in the Central Western region of New South Wales.

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